Bitcoin Rises to $96,100 as Hyperliquid BTC Whale Faces Record $96.5M Liquidation

In fresh market action, data trackers report a swift 2% spike in Bitcoin, with the pair briefly touching about $96,100 within five minutes. The move underscores ongoing market volatility in the crypto space, according to HyperInsight and Coinglass.

A single oversized short exposure on Hyperliquid drew attention as the session’s largest liquidation, spanning BTC, XRP, and ZEC. Reported liquidations peaked near $96.51 million, representing a peak unwind across the network.

An active address displayed an average entry near $95,270 and a liquidation risk around $96,000, suffering a total loss of about $2.97 million as XRP and ZEC shorts cleared. The running balance declined from $6.57 million to $1.47 million, with funds subsequently withdrawn.

Over the last nine hours, the same address redeployed roughly $1.7 million into Hyperliquid and opened a further 10x leveraged ZEC short at an average $666, with a liquidation threshold near $683. Current unrealized profit sits around $1.4 million (about 74%). Market observers note the trader’s ties to a high-profile Roobet/Stake.com account, including prior large BTC activity and losses.