A Hyperliquid whale using 20x leverage needs only a 5% Bitcoin rally to force automatic closure of the short position.
A Hyperliquid trader faces potential liquidation of a 1.23K Bitcoin short position valued at $131 million if the cryptocurrency reaches $111,770. The wallet address 0x5d2f..b7 opened the position using 20x cross leverage on the decentralized perpetual futures exchange.
Bitcoin BTC $81 345 24h volatility: 0.4% Market cap: $1.63 T Vol. 24h: $19.99 B traded at $106,443 as of Nov. 10, 2025, based on TradingView data. The current price sits $5,327 below the liquidation trigger. Analytics platform CoinGlass flagged the whale’s exposure in a social media post on Nov. 10.
#Hyperliquid Liquidation Map
If Bitcoin breaks above $111,770, a super whale’s short position worth 1.23K $BTC will be liquidated.🧐https://t.co/RO2fCIDLi1 pic.twitter.com/UUebjOsBG3
— CoinGlass (@coinglass_com) November 10, 2025
The trader holds a $6.36 million unrealized profit, representing a 4.86% gain from the average entry price of $111,499.30. The whale’s total account value on Hyperliquid stands at $8.54 million.
Bitcoin Rally Drives $343M in Market Liquidations
The crypto market recorded $343.89 million in forced position closures over 24 hours as Bitcoin reclaimed $106,000 on Nov.10. Short positions accounted for $256.95 million, representing 74.7% of the total. Long positions made up the remaining $86.94 million.
The heavy concentration of short liquidations indicates sustained upward price pressure. As Bitcoin rallies, short traders face forced buying to close positions. This demand could push prices toward the $111,770 threshold, where automatic liquidation would trigger.
Whale’s Profitable Trading History
The wallet has generated $33.12 million in total realized profits on Hyperliquid. Transaction records show the trader opened the current short through multiple entries starting in September 2025. Notable activity includes two major auto-deleveraging events on Oct. 10, 2025, involving positions worth $28.38 million and $18.87 million.
The whale’s strategy contrasts with other Hyperliquid whale trading activity where another trader opened a $64.7 million position in leveraged long positions on Nov. 5, betting on price increases.
What Could Push Bitcoin to the Trigger
Photo Credit: TradingView
Short-term technical analysis shows Bitcoin has bullish momentum with 15 buy signals versus one sell signal. The Relative Strength Index registered 66, indicating neutral-to-bullish sentiment without overbought conditions.
Recent institutional Bitcoin buying activity from entities like Strategy creates additional demand pressure. Strategy prepared for accumulation after a €620 million raise. Combined with heavy short liquidations forcing buying, these factors could drive Bitcoin to $111,770, where the whale’s position would automatically close.
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