Bitcoin News Update: Major Whale Places $87 Million 3x Leveraged Bet Opposing BTC Surge Amid Divided Market

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Bitcoin News Update: Major Whale Places $87 Million 3x Leveraged Bet Opposing BTC Surge Amid Divided Market

Bitget-RWA2025/11/24 06:14

By:Bitget-RWA

- A Hyperliquid whale opened a $87.58M 3x BTC short, contrasting with bullish market trends and other traders' strategies. - Another 20x $131M short faces liquidation risk if BTC surpasses $111,770, while $343.89M in 24-hour liquidations highlight short-position vulnerability. - Technical indicators (RSI 66, 15/1 buy/sell signals) and institutional BTC purchases support upward momentum despite liquidity risks on Hyperliquid. - Diverging whale strategies and macro factors like Fed policy underscore crypto's

Bitcoin

whale operating on the Hyperliquid exchange has initiated a short position on

BTC

with 3x leverage, resulting in an exposure of $87.58 million as of November 10, 2025.

Market observers report

that this move, which diverges from the strategies of other large traders, underscores the heightened volatility and divided sentiment in the cryptocurrency sector during a period of significant price gains.

The whale, associated with address 0x9263, previously established a $64 million long position after taking advantage of a recent price drop, accumulating $8.5 million in unrealized gains. This approach stands in contrast to another major Hyperliquid participant’s $131 million short, which

is at risk of liquidation if BTC climbs above $111,770

. At the time of writing, BTC was valued at $106,443, providing a $5,327 cushion before the short would be automatically closed.

Bitcoin News Update: Major Whale Places $87 Million 3x Leveraged Bet Opposing BTC Surge Amid Divided Market image 0

Recent market figures highlight strong bullish momentum, with $343.89 million in liquidations over the past 24 hours, 74.7% of which were short positions. The $131 million short, using 20x leverage, currently shows a 4.86% unrealized profit from an average entry of $111,499.30. Meanwhile, the 0x9263 address

has accumulated $31 million in overall profits

on Hyperliquid, including a streak of 20 straight successful trades.

Technical analysis also points to continued upward

momentum

, with Bitcoin’s RSI at 66 and 15 buy signals compared to just one sell signal. Institutional investors, such as a €620 million fund increasing its BTC holdings, are further fueling the rally. Still,

liquidity concerns remain on Hyperliquid

, which recently suffered a $5 million loss during a $30 million POPCAT

memecoin

manipulation incident, resulting in $63 million in forced liquidations.

Currently, Hyperliquid’s total open interest stands at $5.336 billion, with 55.36% in short positions and $175 million in unrealized profits. Although liquidity issues persist, the ongoing battle between long and short positions reveals sharply contrasting market perspectives.

The long positions held by the 0x9263 whale are in step with BTC’s upward movement

, while the possible liquidation of the $131 million short could trigger additional buying, potentially pushing BTC toward the $111,770 mark.

This scenario mirrors larger macroeconomic trends, such as changes in Federal Reserve policy and growing institutional involvement.

As analysts note

, with traders managing leveraged bets and liquidity challenges, volatility remains a central theme for both individual and institutional crypto market participants.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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