BTC Whale Takes Profits: 20x Short Liquidation Movements Reveal Key Market Insights

On March 16th, COINOTAG News reported that the prominent 20x Short Whale in the Bitcoin (BTC) and Ethereum (ETH) markets has recently liquidated a segment of its short holdings. The whale successfully profited from the sale of 387.02 BTC and simultaneously withdrew 6 million USDC from the Hyperliquid exchange. To date, the total withdrawal from Hyperliquid amounts to 12 million USDC, which consists of 10.6 million USDC allocated as collateral and an additional 1.4 million USDC generated from the partial liquidation process, resulting in a current unrealized profit of 1.83 million USD. The remaining trading position holds a valuation of 11.275 million USD, with specific details of the position being a 20x short on BTC comprising 125.62 BTC, entered at $94,371.3 with a liquidation threshold of $105,730, alongside a 20x short on ETH totaling 365 ETH, initiated at $2,658 with a liquidation price set at $9,375.4.