Whale Dumps $1B Bitcoin Long—Now Betting Big on a Crash

A Hyperliquid whale just flipped the script—ditching a $1 billion Bitcoin long position to go all-in on shorts. Someone’s betting the house on a downturn.

Market makers sweating yet? Probably not—they’ll collect fees either way while retail traders play musical chairs. Classic crypto.

Watch the order books: When whales move this hard, ripples turn into waves. Buckle up.

Whale’s bet faces market resistance

AMBCrypto recently spotlighted a whale that loaded up on a massive 11,000 BTC long position, which was worth a whopping $1.25 billion at 40x leverage.

However, as Bitcoin neared the liquidation cluster around $105k, the whale pulled the plug and closed out the trade. All that liquidity? Swallowed up like water by a sponge.

Yet, the whale seemed to miss the bigger picture. Just 24 hours later, the same whale flipped short with nearly $1 billion on the line, setting the liquidation mark at $111,280.

The timing? Brutal. Two bullish macro catalysts hit the tape, squeezing the position and forcing a premature exit, with a $15.87 million loss to show for it. Since then, Bitcoin has bounced back to trade NEAR $110,000 at press time.

Source: CryptoQuant

The short strategy backfired big time. Now, it looks like traders are racing to seize the opportunity.

As the chart above shows, Bitcoin’s Taker Buy Volume just blasted past $110.7 million across all exchanges.

Backing that up, Open Interest has surged 3.74% to $77.44 billion, adding $2.45 billion in fresh open positions from the previous day. And guess what? We’re only halfway through the session.

Looks like FOMO’s starting to kick in. 

Bitcoin derivatives spike – Master stroke or misstep?

Two massive bets got squeezed and absorbed in under 72 hours, revealing strong underlying bid support for Bitcoin.

Yet, the shorts remain confident, trading like they know something we don’t. About 61.81% of Binance’s BTC/USDT perpetual contracts are leaning short. 

If demand cracks now, watch the 12-hour chart. There’s a juicy liquidity cluster at $108,478 with $68.57 million in leverage ready to get smoked.

Source: Coinglass

But if support sticks, another cluster at $110,682 (also packing $68.57 million in leverage) could spark a fresh run at a new all-time high.

Knowing Michael Saylor’s track record, history’s probably about to repeat itself. Another short squeeze incoming? Odds say yes.