The whale, who had held a short Bitcoin position worth over $500 million on Hyperliquid for 8 days, ultimately closed the trade with a profit of over $9 million. The entire event stirred up the investment community.
The Whale Closes Positions and Earns a Profit
By March 18, 2025, the whale had closed all its positions on Hyperliquid. The whale used “Close Short” orders to exit its short positions on Bitcoin and USDC, netting a profit of $9.46 million in just 8 days.
This whale has closed all his positions and made a profit of $9.46M in just 8 days.https://t.co/EtI4kinRNE pic.twitter.com/TPxf6MIIqR
— Lookonchain (@lookonchain) March 18, 2025
After 8 days with huge trading positions, despite being “hunted,” the whale overcame the challenge and achieved a significant profit. Transactions were detailed via the publicly disclosed wallet address, with Hyperliquid images showing portfolio snapshots, trades, and unrealized profits. The entire community closely followed each of the whale’s orders during its 8-day journey on Hyperliquid. This event caused significant turbulence across the entire Crypto market.
Overview of the whale’s journey
Around March 17, 2025, reports emerged about a “whale” holding a short Bitcoin position worth $521 million on Hyperliquid, using 40x leverage. Initially, the whale opened the position with approximately $300 million. But it gradually increased the position and eventually reached a total value of $521 million. This position was executed through transactions on the platform, with the publicly known wallet address (0xf3F…057c).
The whale initially faced liquidation risk when Bitcoin’s price surged but quickly deposited an additional $5 million USDC to increase margin (insurance) and avoid liquidation. This short position had an unrealized loss of $630,000 at the time of writing. However, the whale still maintained a total profit of $4.9 million over the previous 30 days.
Source: Cryptopolitan
Learn more: A Whale Went “All-in” with a $510M Short Position on Hyperliquid
About Hyperliquid
Hyperliquid is a decentralized exchange (DeFi) specializing in perpetual futures contracts, allowing traders to use high leverage (up to 40x, as per Hyperliquid’s documentation). The platform uses its own blockchain for fast and efficient transaction processing but is vulnerable to large trades by whales.
After a series of whale-driven events on the exchange, Hyperliquid has gained significant attention from the Crypto community. Hyperliquid also proudly shared that the platform is redefining the trading market—one that is fully decentralized and transparent.
