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Bitcoin News Update: Institutional Giant's 20x Short Position on BTC—$24 Million Profit Hinges on $101,000 Liquidation Point

Bitcoin News Update: Institutional Giant's 20x Short Position on BTC—$24 Million Profit Hinges on $101,000 Liquidation Point

Bitget-RWA2025/11/25 00:52
By:Bitget-RWA

- A Hyperliquid institutional whale opened a 20x leveraged $113M BTC short, generating $24M in unrealized profits with a $101,641 liquidation threshold. - Bitcoin ETF flows show divergence: $523M BlackRock outflow on Nov 18 contrasted with $238M net inflows on Nov 21 as institutional buyers accumulate amid retail exits. - High-leverage shorts ($105M and $87.58M) risk forced liquidations if BTC rebounds, amplifying volatility risks seen during 2020's margin calls. - Market dynamics highlight tension between

An institutional-level trading wallet has recently transferred $5.35 million to Hyperliquid’s perpetual futures exchange, opening a 20x leveraged short position on

(BTC), reflecting a pessimistic outlook amid ongoing market turbulence. According to blockchain analytics provider Lookonchain, the trader currently maintains a short position of 1,232 valued at $113.27 million, with unrealized gains reaching $24 million since entering at $111,499.30. The trade, which is at risk of liquidation at $101,641.11, has also over the past six months, illustrating the bold leverage strategies present in crypto derivatives.

This activity stands in contrast to the recent trends in Bitcoin ETF flows, which have fluctuated between significant withdrawals and renewed inflows.

saw a record $523 million withdrawn on Nov. 18, extending a five-day streak of redemptions totaling $1.425 billion as BTC fell below $90,000. Yet, institutional demand returned on Nov. 21, , led by IBIT’s $60.6 million recovery. This divergence highlights a divided market, with retail investors pulling out while long-term institutions and sovereign funds, such as those from Abu Dhabi, continue to accumulate.

The short position on Hyperliquid is indicative of a wider pattern of high-leverage tactics.

at 20x leverage, raising the risk of forced liquidations if BTC climbs back toward $101,600. can intensify price swings, as demonstrated during the March 2020 crash when margin calls led to rapid declines. Meanwhile, opened by another Hyperliquid whale runs counter to bullish signals, including Bitcoin’s RSI at 66 and a 15-to-1 ratio of buy to sell signals.

Market participants are carefully monitoring the relationship between leveraged trades and broader economic trends.

remains above 4.5%, discouraging speculative trading, though expectations of a rate cut in December have sparked renewed ETF interest. have increased their BTC exposure, and Asian exchanges continue to see weekly inflows surpassing $150 million. However, , which recently suffered a $5 million loss in a $30 million POPCAT manipulation event.

The whale’s approach also points to a changing landscape in crypto trading.

provides real-time insight into major positions, allowing smaller traders to coordinate potential liquidations. Co-founder Jeffrey Yan has described the platform as a “democratized venue for whale watching,” where users can track leverage exposure and liquidation points. and increased retail activity, as reflected in the $343.89 million in liquidations over the past 24 hours, with 74.7% impacting short positions.

Bitcoin’s price trajectory remains a key focus.

but is encountering resistance between $90,000 and $92,000. exceeding $200 million per day could reignite bullish sentiment, potentially driving BTC toward $100,000 by the first quarter of 2026. For now, the interplay between leveraged shorts and institutional accumulation is likely to shape Bitcoin’s next consolidation phase.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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