Hyperliquid Whale Faces $61 Million Bitcoin Long Liquidation After Price Drop
Whale trader 'CZ Opposite' placed large BTC buy orders and a high-leverage short, amassing over $24M in profits amid extreme volatility and prior major liquidations.
On January 30, HyperInsight reported a Bitcoin whale set limit buy orders for 400 BTC at $76,228 and 300 BTC at $75,123. The same trader, known as 'CZ Opposite', entered a 20x leveraged short at $111,499.3 for 499.91 BTC, resulting in $14.28 million in unrealized profit and $9.99 million from funding rates. This follows recent data showing the whale suffered nine major liquidations totaling $34.45 million when BTC fell below $82,000, and was previously impacted by other significant BTC and ETH liquidations in late January. The activity highlights the high risk and reward dynamics of leveraged crypto trading on platforms like Hyperliquid.
- Liquidation: The forced closure of a trader’s position by an exchange when margin requirements are not met, often resulting in losses.
- Whale: An individual or entity that holds a large amount of cryptocurrency, potentially capable of influencing market movements.
- Hyperliquid: A decentralized cryptocurrency derivatives exchange known for high-performance trading and leverage options.