Whale Bets $25M Against BTC, ETH, SOL—Now Facing $700K Loss
A crypto whale shorted BTC, ETH, and SOL with $25M on Hyperliquid and is now down over $700K.
- Whale deposited $25M USDC to short BTC, ETH, and SOL.
- Leveraged trades placed on Hyperliquid with 5x leverage.
- Current losses have already crossed $700K.
Whale Risks Big on Crypto Short
A major crypto whale has caught attention after depositing a massive $25 million USDC into Hyperliquid—a decentralized perpetuals exchange—to short Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The trades are being executed with 5x leverage, showing significant risk tolerance and a strong bearish view on the market.
This isn’t the whale’s first move—$5 million USDC was just added, bringing the total to $25 million. The goal? To profit from a market downturn. But so far, the market hasn’t cooperated.
Losses Already Stacking Up
At the time of reporting, the whale’s position is down more than $700,000, signaling early pain in this aggressive bet. While high leverage can amplify profits, it also rapidly magnifies losses, and in this case, that’s exactly what’s happening.
The trades target three of the top crypto assets, all of which have shown relative strength or stability in recent days. BTC and ETH have recovered from earlier dips, and SOL continues to show strong momentum, making the short strategy questionable in the current market climate.
Market Reactions & Outlook
This whale’s bold move has sparked discussions across crypto Twitter and trading communities. Some traders view this as a potential warning sign of a large correction coming. Others see it as a miscalculated attempt to time the market.
It remains unclear if the whale will continue to hold these short positions or cut their losses. What’s certain is that this move adds volatility and interest to the current market landscape.
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