Two Bitcoin Whales Liquidated on Aave Amid 8.44% Price Drop

A BTC whale’s short position on Hyperliquid, worth $498 million, raises speculation about insider knowledge following market movements in October 2025.

BTC

ETH

USDC

187d ago

Summary

Coinbob reported that a BTC whale address (0xb317) holds a short position of 4,394.7 BTC on Hyperliquid, worth $498 million at 10x leverage. With 83.22% margin usage, the whale earned over $90 million in 30-day gains. Arkham data also revealed that two linked addresses profited $72.32 million and $85 million from shorting ETH and BTC on October 10–11. $386 million USDC remains available across the linked addresses.

Terms & Concepts

BTC Whale: A term referring to an individual or entity holding a significant amount of Bitcoin, capable of influencing market movements due to the size of their holdings.
Hyperliquid: A decentralized exchange platform that allows users to trade crypto assets with leverage, offering tools for shorting and long positions.
Margin Usage: The percentage of borrowed funds being utilized in a leveraged position, reflecting the amount of capital used compared to the collateral held.