On March 18, 2025, a major BTC short by the Hyperliquid whale closed with a $6.21M profit, attracting cryptocurrency community interest.
Hyperliquid Trade Nets $6.21 Million
The trade began on March 3, 2025, when Bitcoin was valued at $95,824, involving a 20x leverage. Initially valued at $41.9 million, it was closed between $82,817 and $84,303 by March 15, 2025, based on data from @ai_9684xtpa.
Market Impact Analysis
The rapid expansion of the short position to $524 million has sparked speculation about market strategies. Such a significant extension suggests a bold stance, potentially targeting major price corrections.
Potential Bitcoin Price Correction
Currently, Bitcoin is testing the $82,000 resistance level, showing neutral conditions with an RSI of 55%. Historical trends suggest similar actions have led to significant market adjustments.
The crypto community is actively discussing these trades, raising questions about large investors' strategies and their potential impact on future market dynamics.
