Important points
How close is this whale to liquidation?
Bitcoin is trading at $103,660 and the whale’s liquidation price is $104,017, just $357 or 0.34% away from causing one of the largest single position wipeouts.
Why is this whale’s timing so bad?
Short positions are resisting strong bullish momentum as Bitcoin has risen 2.34% from its $99,000 low today.
Cryptocurrency whales are on the verge of the largest liquidation in crypto history. The trader holds a huge short position in Bitcoin worth $190 million, with the liquidation amount set at $104,017. BTC is currently trading at $103,660, just $357 away from a complete loss.
Source: Arkham
blockchain analysis company arkham intelligence Today we flagged a precarious position. Whales opened large short positions in HyperLiquid, betting that Bitcoin would fall.
Instead, BTC is up 2.34% today and continues to rise towards the liquidation trigger.
Liquidation may begin at any time
Bitcoin needs to rise another 0.34% to liquidate the entire position. At current volatility levels, BTC routinely fluctuates hundreds of dollars in minutes. Whales cannot afford to make mistakes.
If the liquidation is successful, HyperLiquid will purchase $190 million worth of Bitcoin and automatically settle the short sale.
This forced purchase could push BTC prices even higher, potentially triggering a cascade of additional short-term liquidations across exchanges.
bet against the trend
The whale’s timing appears to be dire. Bitcoin has rebounded from around $99,000 a few days ago and is showing strong momentum. The daily chart reveals that BTC is testing the Fibonacci resistance level near $104,000, which is exactly where the whale is facing elimination.
Source: TradingView
Market positioning data further increases the risk of short selling. Bitfinex shows 178,260 BTC short and 64,876 BTC long. While shorts have the upper hand, Bitcoin price action suggests that bulls are in control of the short-term direction.
historical risk scale
The $190 million liquidation would rank as the largest single position wipeout ever recorded in the crypto market.
The Hyperliquid platform needs to execute large buy orders instantly, creating intense upward price pressure.
The whale apparently used considerable influence to control such a large position. Even small adverse price movements can be dramatically magnified using leverage. This explains how a $357 price move can threaten a nine-figure loss.
The market will watch and wait.
Cryptocurrency traders are closely monitoring the situation. Once Bitcoin exceeds $104,017, liquidation will automatically begin.
The resulting buying pressure could push BTC toward new local highs, potentially pushing it above $105,000.
Alternatively, if the whale survives and Bitcoin reverses and falls, the short position could generate huge profits. However, to survive, BTC needs to halt its current rally immediately.
Two possible outcomes
The next few hours will decide the whale’s fate. Either Bitcoin continues its momentum and wipes out $190 million in seconds, or the rally stalls and short positions survive to fight another day.
Only $357 separates success from disaster, making it one of the highest stakes currently taking place in the crypto market. This result could have a significant impact on Bitcoin’s short-term price trend.