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Massive Bitcoin Whale Initiates Whopping $122,000,000 BTC Short

Massive Bitcoin Whale Initiates Whopping $122,000,000 BTC Short

Daily HodlDaily Hodl2025/10/20 16:00
By:by Daily Hodl Staff

A massive crypto whale has loaded a $122 million short position on Bitcoin through the decentralized exchange Hyperliquid.

The trader transferred $30 million in USDC to Hyperliquid to fuel the bet, according to Arkham Intelligence.

This move comes after the whale pocketed $200 million by shorting Bitcoin during its recent plunge to around $105,000.

In the past week, the whale also shifted $540 million worth of Bitcoin to fresh wallets, including $220 million deposited to Coinbase.

The short position was taken at an average entry price of $109,762, uses 10x leverage with a liquidation price at $135,320.

Arkham’s tracking shows the whale’s entity holds over $4.8 billion in assets, mainly in Bitcoin and USDC.

Bitcoin is priced at $109,544 at time of publishing, down 1.4% in the last 24 hours.







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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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