Whale Enters 40x BTC Short Position at $83,923.2: Insights from BlockBeats News

According to recent data from COINOTAG News, dated March 17th, the renowned “50x Leverage Whale” has initiated a significant BTC short position on Hyperliquid, entering at a price point of $83,923.2. As Bitcoin’s price fluctuated around this threshold, the whale has effectively employed a TWAP (Time-Weighted Average Price) strategy to strategically exit their position. This method has allowed the trader to liquidate 342.67 BTC to realize profits steadily. The whale’s current short position stands at approximately $428 million, reflecting a floating profit of around $3.06 million. Such maneuvers highlight the sophistication of institutional trading strategies within the cryptocurrency market, emphasizing the need for traders to remain vigilant about market trends and price movements for optimal capital management.