Bitcoin Whale Trims $90M Leveraged Short After Price Spike Triggers Stop-Losses

BitcoinWorld Bitcoin Whale Trims $90M Leveraged Short After Price Spike Triggers Stop-Losses A cryptocurrency whale has partially closed a highly leveraged short position on Bitcoin after a brief price surge triggered a series of stop-loss orders.

The wallet, which begins with the address 0xff84, reduced its exposure by 200 BTC on Hyperliquid, realizing a loss of approximately $146,000, according to blockchain analytics firm EmberCN.

Position Details and Liquidation Risk The trader had opened a 40x leveraged short of 1,600 BTC on the Hyperliquid exchange, a position worth over $100 million at the time.

The wallet faced a liquidation price of $64,889, meaning a rise in Bitcoin’s price to that level would have forcibly closed the entire position. To manage risk, the trader placed 50 BTC stop-loss orders at prices ranging from the liquidation level up to $68,254.