Bitcoin Whale’s 7 Million USDC Short via Hyperliquid Collapses: From 2,222 BTC to 300 BTC After Multiple Liquidations

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.