BTC Short Position Surge: Hyperliquid 50x Whale Earns $87K Profit Before Leveraging $27.62M Short

In a recent update from COINOTAG on March 20, renowned on-chain analyst Yujin Monitoring reported significant trading activity by the prominent user known as [Hyperliquid 50x Whale] @qwatio. The trader successfully exited a MELANIA long position, securing a substantial profit of $87,000. Following this, they initiated a short position on Bitcoin, currently using $690,000 USDC as collateral to short 326 BTC. This move reflects a high-risk strategy, employing 40x leverage, amounting to an open position valued at approximately $27.62 million. With the entry price set at $84,566 and a liquidation threshold at $85,545, this strategic play highlights the complex dynamics of margin trading within the cryptocurrency market. Investors should remain vigilant as leverage trading can amplify risks significantly.