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High-stakes Gambling Whale Bets $30 Million on Bitcoin Crash!
In a move described as suicidal, trader (0x8cA3) opened a massive short sell position on 390.88 Bitcoin worth nearly $30 million through the Hyperliquid platform. Surprisingly, he used a very high leverage of up to 40x, which sets his liquidation price at just $78,586.38.
This gamble puts the wallet at great risk; any sudden surge in Bitcoin toward those levels would mean these millions could vanish in seconds.
Whales who take such extreme positions often bet on imminent negative news or expect a sharp correction before the next explosion, but the risk here leaves no room for error.
Monitoring this whale’s liquidation price has become a target for trading platforms and other whales, as the market always loves to chase "exposed liquidity."
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$BTC