- The popular 50x ETH whale closed its BTC short position with a $4.06M profit today.
- The whale deposited 17.82 million USDC to Hyperliquid as a margin in the past 3 days to avoid liquidation.
They say there’s never a dull day in crypto. And, the industry proves this sentence every time things get dull in crypto. Bitcoin has been trading in the $80K price range for the past few weeks, letting down investors who hoped for a bull run in 2025. However, this didn’t stop a whale called “50x ETH whale” from making profits despite the weak market sentiment.
As per on-chain data tracker Spot On Chain, the popular 50x ETH whale finally closed its BTC short position today. Over the past 3 days, it has held this trading position on Hyperliquid and made a $4.06 million profit. The fact that this whale deposited 17.82 million USDC to Hyperliquid as a margin in the last 3 days to short Bitcoin without liquidation is noteworthy.
What’s the Story Behind 50x ETH Whale?
This whale reportedly opened a BTC short position with 40x leverage, originally investing $195K profit made from LINK. It started the trade 3 days back on March 15. Fast forward to 3 days, the 50x ETH whale was in its biggest short ever with 6,211 BTC worth $517 million.
It didn’t take long for the crypto trader community to notice this trade. To avoid its trade execution, the trader’s community united to hunt down and force it into liquidation on Hyperliquid. However, the whale continued to deposit USDC tokens as a margin to avoid liquidation.
Hyperliquid has redefined trading.
— Hyperliquid (@HyperliquidX) March 17, 2025
When a whale shorts $450M+ BTC and wants a public audience, it's only possible on Hyperliquid.
When headlines say "Bitcoin Market on Edge," they are equating "Hyperliquid" with the "market."
Anyone can photoshop a PNL screenshot. No one can… pic.twitter.com/0fmBmXNOOg
Meanwhile, Hyperliquid highlighted the platform’s capabilities stating that it’s only possible on Hyperliquid. The community has been tracking the whale’s move diligently. It finally closed all of its perpetual positions today. As part of its next trading move, the 50x ETH whale bought 3,202 ETH and 1,040 PAXG tokens spending 9.39M USDC.
The popular crypto scam hunter ZachXBT’s comments over this whale are sparking the attention of the crypto community. One of the trade hunters named “Cbb0fe” posted on X regarding the whale closed its BTC short position. In a response, the ZachXBT replied saying,
“It’s funny watching CT speculate on the “Hyperliquid Whale” when in reality it’s just a cybercriminal gambling with stolen funds.”
However, no one knows for sure if the 50X ETH whale is a cybercriminal or just another super-intelligent crypto trader. Nonetheless, the whale has become popular across the crypto market for its bold trades.
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