Whales “Hunting is” for short positioning over 5,400 BTC with 40K lever

The whale on hyperliquid became viral to start a short position for about $ 450 million Bitcoin. Now the active “man hunting” to stop the perpetrator in its tracks.

Toward data on Hipurcan, 17. March at 06:30 UTC, The whale only closed two positions through the time weighted average price or twap for combined 208 BTC (Btc) at a cost of $ 83,392. The total value of both transactions is equal to more than $ 18 million.

At 4:30 AM UTC, an anonymous trader added $ 7.5 million to secure their Bitcoin short position to avoid liquidate on the margin on hyperliquid. The chain data show that the merchant has accumulated a loss of almost 1.1 million dollars from unrealized profit and loss or PNL.

Currently, the current position of the merchant stands at 5.167 BTC, with a value of about 429 million dollars. The short position stands at the 40K lever and has an unrealized profit of $ 4 million. At the same time Trader also has a long position with a 5K lever for 571,715 melani (Melanija) Worth at $ 390,000.

The kit first started its huge short position in Bitcoin 16. Marta. At that time, the crypto trader on K with username @ CBB0FE or CBB has detected suspicious whales’ activities and called In order for other traders to join the public manhup to liquidate the position of whales before it can cause more damage to the ecosystem.

“If you are willing to hunt this man, drop the DM, the team set up immediately and you already get good size,” CBB said on their mail.

In a separate post, the CBB told merchants to send them only with “only 7 images”, because the combined team funds have already exceeded eight figures.

An hour after team formation, they managed to drive the market price of Bitcoin from 83,183 to more than $ 84,690. As a result, the kit was forced to deposit $ 5 million in USDC (USDC) Increase your margin and avoid liquidation.

However, Manhunt still has success while the whale still does not avoid liquidation increasing its position in short BTC through Twap.

The official account of hyperliquid and recently commented on the virus bear chain, describing how the protocol became synonymous with the “market”, because he blamed significant attention to the crypto community.

“When a whale short $ 450 million + BTC and wants a public audience, it is only possible on hyperliquid,” the order wrote.

Earlier this month, 12. Marta, Kita started Long position on hyperliquid with 50K lever for 175,000 ETE (El) It’s worth $ 340 million. Due to the great liquidation amount, hyperliquid was forced to absorb an attitude of $ 1,915 in an effort to liquidate it. As a result, hyperliquid lost more than $ 4 million.