BearWhale Raises Bitcoin Short to $520M, Near Liquidation
BearWhale increased their Bitcoin short to $520M on Hyperliquid, with a liquidation price just $1K away at $85,565.
- BearWhale’s Bitcoin short now totals $520M.
- Liquidation price is $85,565, near current BTC price.
- Hyperliquid platform hosts the massive short.
BearWhale’s Bold Bet Faces Liquidation Risk
The notorious BearWhale has just upped their massive Bitcoin short position on Hyperliquid from $400 million to $520 million, raising eyebrows across the crypto space. What’s even more striking? Their liquidation price is set at $85,565, putting the position less than $1,000 away from a total wipeout.
This high-stakes move comes at a time when Bitcoin continues to hover near all-time highs, and Market momentum remains bullish. With BTC’s current price closing in on the BearWhale’s liquidation point, the possibility of a short squeeze is sparking speculation and excitement among traders.
Market Watches as Short Position Teeters
A liquidation at this level could trigger a cascading effect, pushing Bitcoin even higher as the massive $520 million position is forcefully closed. Crypto analysts and traders on platforms like Twitter and Reddit are keeping a close eye, wondering if the BearWhale can hold the line or if they will soon be wiped out in spectacular fashion.
This is not the first time BearWhale has made headlines for aggressive short positions, but the proximity to liquidation this time has added urgency to the drama. If Bitcoin continues its upward trajectory, the market may witness a significant price surge fueled by the forced closing of this massive short.
