Crypto Whale Profits $3.9M on Bitcoin Short, Despite Community's Pump Attempt

On Tuesday, a crypto whale closed over 300 heavily leveraged Bitcoin short positions, totaling over $521 million, and profited $3.9 million. The whale's short position was at $83,898 with 40x leverage. Some crypto traders attempted to pump Bitcoin above the whale's liquidation level of $85,591 by injecting over $10 million into the market. Despite Bitcoin's volatility on Monday, peaking at $84,573 and dropping to $82,295, the whale closed 208.1 BTC worth of shorts in under two minutes, valued at nearly $16.959 million, securing a 30% profit. The whale's risky strategy, using Hyperliquid's decentralized perpetuals exchange, raised suspicions of insider knowledge, but analytics firm Bubblemaps dismissed this. Last week, this same trader caused a $4 million loss for Hyperliquidity Provider (HLP) with a $285 million leveraged Ethereum bet. The whale has profited over $9.37 million in less than 30 days and has now taken a $2.7 million long position on the MELANIA meme coin on Solana with 5x leverage.