Hyperliquid whale 0xf3F4 battles liquidation on his $449M BTC short as bulls push BTC up. Will he hold, or is a short squeeze incoming?
as the “ETH 50x Big Guy,” has been at the center of intense market activity after opening a $449 million short position onat an entry price of $83,923. If Bitcoin’s price moves above $85,940, their position will be forcibly liquidated, potentially triggering a cascade of short squeezes.
The first major push took place on the 16th of March, when Bitcoin briefly surged to $84,690, coming dangerously close to liquidation.However, 0xf3F4 responded immediately by depositing $5 million USDC, reinforcing their margin and keeping their trade alive.0xf3F4 has implemented multiple strategies to avoid liquidation. Their collateral management has been key, as they continue to add margin whenever the price nears their liquidation level.He has also been executing TWAP trading.
At the same time, they have positioned $106 million in buy orders at $68,774-$68,775, which serves as a take-profit zone if Bitcoin drops.their display name to “Tether FUD” to spread fear and uncertainty. By fueling bearish sentiment, they may be trying to convince other traders to sell, which would align with their short position.The market response has been aggressive. CBB, a well-known trader, publicly announced their plan to take down 0xf3F4 by pushing Bitcoin’s price upward.
Justin Sun, founder of TRON, also engaged in direct discussions with CBB. Sun expressed interest in participating, suggesting that additional capital might be deployed in the fight against the whale’s position.Another theory is speculation, suggesting they might be positioning himself for potential gains if a short squeeze occurs.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto whale nets $6.8M on 50x BTC & ETH bets pre-Trump ‘Reserve’ postExplore the implications of the Crypto Reserve announcement as a whale's trade coincides with insider trading speculation.
Read more »
Crypto liquidation wipes out $614M: BTC, ETH & DOGE hit hardCrypto market faces turmoil as Bitcoin, Ethereum, and Dogecoin experience mass liquidations; uncertainty surrounds the Bitcoin Reserve order.
Read more »
Binance CEO: Crypto dip is just a ‘tactical retreat’Crypto ETF inflows remain strong despite the crypto market’s turmoil, suggesting sustained investor confidence.
Read more »
Crypto SWOT: Will the U.S. become the “crypto capital of the world”?The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Crypto SWOT: Crypto trading volumes dropped sharply in FebruaryThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
MicroStrategy’s Bitcoin bet: Plans $2B raise to boost BTC holdings to 500KMicroStrategy's $2B capital raise could tip the firm to expand its BTC holding to 500K BTC. Will it boost BTC recovery?
Read more »