$136M BTC & XRP Short Bet Shocks Crypto Traders
A new wallet deposited $7M USDC to Hyperliquid and opened $136M in BTC and XRP shorts with 20x leverage.
- $7M USDC used to open 20x shorts on BTC and XRP
- Total exposure: $116M in BTC and $20.35M in XRP
- Wallet linked to Roobet and Stake.com gambler
In a bold and risky move, a newly created crypto wallet deposited $7 million USDC to the decentralized derivatives platform Hyperliquid. What followed was an aggressive play: the wallet opened leveraged short positions worth a combined $136 million — targeting Bitcoin (BTC) and Ripple (XRP).
Specifically, the trader took a 20x leveraged short position of 1,129 BTC, valued at approximately $116 million, and another short position of 8,888,888 XRP, worth about $20.35 million. With leverage that high, even a slight move in the wrong direction could liquidate the position.
Who Is Behind the Wallet?
While the identity behind the wallet remains anonymous, on-chain data links the activity to known user accounts on popular crypto gambling platforms Roobet and Stake.com. This strongly suggests the person is no stranger to high-risk, high-reward strategies.
The move has sparked speculation in the crypto community. Some see it as a sign of anticipated market downturns, while others believe it’s simply another bet by a seasoned gambler who’s now venturing into high-leverage trading.
A Risky Bet With Big Implications
20x leverage is not for the faint-hearted. At that level, a mere 5% price movement against the trader’s position could lead to full liquidation. With Bitcoin and XRP both showing strong volatility recently, it’s unclear whether this massive short bet is based on technical analysis, insider sentiment, or just pure gut.
Regardless, the size of the trade and its potential impact has caught the attention of traders and analysts alike. If the market moves sharply in favor of the positions, the trader could be looking at massive profits. But if it swings the other way, millions could be wiped out in seconds.
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