- Bitcoin whale’s $332 million short position faces liquidation if BTC hits $85,000, risking a massive market shake-up.
- Bitcoin’s high volatility and 40x leverage make this a make-or-break moment for the trader.
A high-stakes Bitcoin whale has placed a daring $332 million short bet against the market, but with BTC inching closer to $85,000, liquidation could be just around the corner.
The Risky Bet
Data from Lookonchain reveals that the trader opened a massive 3,940.8 BTC short position at an entry price of $84,040—leveraging 40 times their initial capital. This means even a slight 2.5% price move could wipe out the entire position.
At the time of writing, Bitcoin is hovering around $83,945, down 2.3% over the past week. If BTC reaches $85,000, the whale’s position will be liquidated, triggering a potential market shake-up.
Market-Wide Liquidations
The aggressive short comes amid a broader wave of liquidations in the crypto market. CoinGlass data shows that $94 million worth of crypto positions have been liquidated in the last 24 hours, with shorts accounting for $49 million. The single largest liquidation, a $582,130 BTC/USDT position, occurred on Binance.
Why It Matters
This high-risk bet highlights the extreme volatility of Bitcoin trading, especially with leverage as high as 40x. The trader previously scored a $16.39 million gain on Hyperliquid, but their latest move puts them in a precarious position.
With Bitcoin’s price action heating up, traders are watching closely. A short squeeze could send BTC soaring past $85,000, leading to a liquidation cascade and even more volatility. Whether this whale will survive or face a brutal wipeout remains to be seen.
Will Bitcoin bulls crush this massive short? Stay tuned as the market decides.
