Bitcoin Short Liquidation: Hyperliquid Whale at $111.8K
Bitcoin short liquidation risk is building as a Hyperliquid whale holds a 1.23K BTC short valued at $131 M. Initially flagged with a $104,017 trigger, the position now faces forced cover at $111,770 under 20× leverage. With BTC trading near $106,400—just 5% below liquidation—and $343.9 M in market-wide forced liquidations in the past 24 hours, rising buying pressure could spark a short squeeze. The trader’s account shows $6.36 M unrealized profit, $33.12 M historical gains and an $8.54 M balance. Technical indicators (RSI 66, 15 buy vs 1 sell) and institutional inflows after a €620 M fundraise reinforce bullish momentum. A move above $111,770 may trigger automatic buying of up to $190 M of BTC across platforms, potentially pushing prices beyond local highs. Traders should watch the $104 K–$111.8 K range for rapid volatility and trading opportunities in this evolving Bitcoin short liquidation scenario.
Bullish
The combined developments signal significant upside risk for BTC. The Hyperliquid whale’s leveraged short faces liquidation triggers between $104K and $111.8K, with BTC trading near these levels and rising market-wide forced liquidations of $343.9M adding buying pressure. Technical indicators and strong institutional inflows further support bullish momentum. If the liquidation executes, automatic buy orders could propel BTC above recent highs, potentially sparking additional short squeezes across exchanges. While a price reversal could allow the position to hold, the prevailing setup favors upward moves in both the short and medium term.