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

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

A

whale operating on the Hyperliquid exchange has initiated a short position on with 3x leverage, resulting in an exposure of $87.58 million as of November 10, 2025. 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

. 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

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

Technical analysis also points to continued upward

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

, 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.

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

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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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