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This weekend, the crypto community was shaken by an exceptional revelation: a top trader on Hyperliquid took a long bitcoin position with 40x leverage, with a notional value approaching 392 million dollars. This bold move, with a liquidation threshold around $95,000, raises significant questions about the prospects of the crypto market.
In Brief
- An elite trader bets 9.8 million dollars on Bitcoin with 40x leverage, creating a position worth 392 million dollars in total.
- If bitcoin falls below 95,000 dollars, he will automatically lose his entire investment by liquidation.
- This daring bet comes as bitcoin surpasses 105,000 dollars and could trigger a 5 billion dollar domino effect of liquidations if the price reaches 115,000 dollars.
The “Hyperliquid Whale” shakes markets with a colossal bet
This weekend, the crypto community was captivated by the actions of an elite trader on the decentralized platform Hyperliquid.
This influential figure, identified as probably James Wynn, holds third place in the platform’s trader rankings and runs an X account followed by nearly 52,000 subscribers.
His notoriety exploded after taking an extraordinary bitcoin position: 40x leverage, turning a base investment of about 9.8 million dollars into a position worth a total of 392 million dollars.
To support this high-risk strategy, the trader deposited more than 49 million USDC as collateral on his perpetual trading account.
The critical point of this operation lies in its liquidation threshold around 95,000 dollars. Simply put, if the bitcoin price falls below this mark, the entire position will be automatically liquidated, resulting in the loss of the initial investment.
James Wynn himself did not hesitate to comment on his strategy on social media, drawing even more attention to this bold bet.
A strong signal for the market, a simple bet or a financial prophecy?
Quickly nicknamed the “Hyperliquid Whale” on social media, this elite trader provokes intense speculation. Some observers believe he has inside information to justify such a considerable risk with 40x leverage.
Influencer Sightbringer offered a particularly noted analysis: this position is not a simple financial transaction, but a true message sent to the crypto market.
According to him, the exceptional scale of the investment and the deliberate risk exposure act as a strong signal announcing an imminent and spectacular price rise.
“ It’s ignition time. The floor has been drawn. And whales are betting the capital’s future on bitcoin, which holds above 95,000 dollars.“, said Sightbringer in a widely shared message.
This strategic positioning perfectly coincides with bitcoin crossing the 105,000 dollar threshold this Sunday, after a rebound from 102,000 dollars.
If this momentum continues to 115,000 dollars, a domino effect could be triggered with the liquidation of about 5 billion dollars of short positions, further amplifying the rise.
This approach also seems validated by Glassnode on-chain data, which identified significant Bitcoin accumulation between 93,000 and 95,000 dollars – exactly the zone our whale seems to view as an unbreakable support.
The entire crypto market is now watching this colossal position: will we witness one of the most powerful bullish signals in bitcoin’s recent history, or one of the most spectacular liquidations? Recent whale behavior could weigh heavily in the balance. The line is drawn at 95,000 dollars.
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Passionné par le Bitcoin, j’aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l’outil qui peut rendre cela possible.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
