Bitcoin Whale’s 7 Million USDC Short via Hyperliquid Collapses: From 2,222 BTC to 300 BTC After Multiple Liquidations
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
Shorts pay
According to COINOTAG News, citing EmberCN, a whale labeled 0x7b7 moved 7 million USDC to Hyperliquid three days ago to short BTC. The trade has faced multiple liquidations, and only about $560,000 remains of the initial stake.
At its peak, the entity targeted 2,222 BTC—roughly $226 million—before a cascade of liquidations trimmed holdings. The position now stands around 300 BTC, valued at about $31.87 million, illustrating the material risk embedded in large-scale derivatives bets.
This on-chain activity underscores the sensitivity of liquid markets to whale bets and cross‑exchange workflows. Traders should monitor on-chain signals and risk controls as such moves can reshape short-term liquidity and price dynamics.