TLDR
- A prominent crypto investor has taken a $445M short position on Bitcoin, using 40x leverage through Hyperliquid, while also wagering positively on the MELANIA token.
- Facing a potential liquidation threshold around $86,000, the investor added another $5M to their collateral as Bitcoin prices increased.
- A coordinated effort by some traders aimed to cash out the investor's position by driving up Bitcoin's value, which ultimately did not succeed.
- Rumors are circulating that the investor might have insider tips related to the US President, Donald Trump.
- The investor maneuvers their holdings using Time-Weighted Average Price transactions, having already closed trades valued at $18M, yet maintaining a short position over 5,167 BTC.
An audacious bet against Bitcoin, sized at $445 million, has been made by a crypto veteran using 40x margin on the Hyperliquid platform. This notable bearish wager persists even as Bitcoin recently touched its 200-day average, climbing past $84,000 over the weekend.
According to insights from Hyperliquid and the analytics firm Lookonchain, the investor's Bitcoin short position has a critical liquidation value near $86,000, implying significant risks should Bitcoin prices exceed this point.
Despite strong opposition from multiple fronts, the investor succeeded in making a profit!
11 hours ago, @Cbb0fe A group was openly formed to challenge this investor who shorted BTC. $BTC with 40x leverage.
Within the hour, this group was hard at work, pushing the market. $BTC above $84,690 in a short period.
The whale… pic.twitter.com/D6FBOFikZR
— Lookonchain (@lookonchain) March 17, 2025
Meanwhile, this astute trader maintains a bullish outlook on the MELANIA token, involving themselves in a fivefold leveraged long position in its perpetual futures, optimistic of a price increase.
The MELANIA token reportedly falls under the promotion of MKT World LLC, a Florida-registered entity owned by Melania Trump, the spouse of current US President Donald Trump.
The investor's unconventional trading tactics have generated considerable buzz across social platforms. A pseudonymous trader known as CBB publicly rallied other market actors to join forces aiming to liquidate their position.
As Lookonchain reports, “11 hours ago, @Cbb0fe effectively organized a campaign against this BTC short position with 40x leverage. Just an hour afterward, the coordinated action drove BTC over $84,690 swiftly.”
This collective attempt pressed the investor to bolster their margin with an extra $5 million in USDC, thus preventing any forced closeout of their position.
Despite concerted trader efforts, the liquidation strategy for the investor's position did not succeed. Continuously, the investor manages their operations leveraging Time-Weighted Average Price transactions.
On March 17 at 6:30 AM UTC, the investor divested two positions totaling 208 BTC at a price of $83,392. These trades totaled over $18 million.
On-chain analysis reveals the trader has faced a nearly $1.1 million setback in unrealized gains and losses. Presently, their BTC position stands at 5,167 units, reflecting a $429 million valuation.
The whale's bearish Bitcoin stance has seen additional funds, adjusting the liquidation point to $86,593.
There's speculation about a consortium of investors boosting Bitcoin's value to force liquidation.
Can they do it? 👀 pic.twitter.com/LaM8zmnu4F
— Gordon (@AltcoinGordon) March 16, 2025
The investor's activities have ignited speculation about confidential insights. Some in the market hint at possible connections to President Trump, despite no substantiated proof.
CBB's rally for joint action to dismantle the investor's position quickly gained traction. In a separate note, CBB advised traders with \"seven-figure accounts or more,\" emphasizing the collective fund had surpassed eight figures.
Hyperliquid, known for hosting these substantial stances, accentuates their system's transparency. Echoing sentiments on platform X: \"When a whale bets $450M+ against BTC seeking exposure, it only happens at Hyperliquid.\"
\"While anyone can fake a profit/loss screenshot, disputing a Hyperliquid position is impossible, akin to certain undisputed Bitcoin balances. The decentralized future is before us.\"
The platform added,
Not a first for Hyperliquid, such immense positions have emerged. Earlier this March, a whale commenced a long with 50x leverage for 175,000 ETH valued at $340M.
This stance stressed the platform, necessitating Hyperliquid to absorb it at $1,915, leading to $4M+ losses.
Bitcoin currently hovers around $83,000, a 1% daily dip. Still, it showcases a weekly uptick of over 1%.
Editor-in-Chief of Blockonomi, founder of UK's online firm Kooc Media. Advocate for open-source, blockchain advances, and equitable internet for all.
