Overview
- The $11 billion wallet opened a $235 million Bitcoin short at about $111,190 with 10x leverage, with Hypurrscan showing a liquidation level near $112,368 while some trackers cite roughly $123,000.
- On-chain data show roughly $540 million in recent BTC transfers tied to the wallet, including about $220 million to Coinbase and $30 million to Hyperliquid before the short was placed.
- Several other whales funded sizable leveraged longs on Hyperliquid, with Coinglass data showing BTC longs at 51.98% by volume and examples including multi‑million USDC deposits and a near $50 million position by “God is Good.”
- Bitcoin traded near $108,200 on Oct. 22, sitting below its 30‑day moving average around $109,322 after attempts to reclaim the $112,000–$113,000 area were rejected.
- The same trader reportedly profited by about $200 million during the Oct. 10 drop, while CryptoQuant estimates newer whales hold about $6.95 billion in unrealized losses as BTC lingers below a roughly $113,000 cost basis and Glassnode notes leverage has been flushed.