Hyperliquid Data Show Crypto Whale Shorting $445M in Bitcoin While Taking a Bullish Stance on MELANIA Token.

Crypto Whale Shorts $445M in Bitcoin While Betting Big on MELANIA Token

Bitcoin (BTC) has remained steady since last Tuesday, rebounding above $84,000 over the weekend. Despite this recovery, a crypto whale has taken an aggressive short position against BTC, leveraging a massive $445 million bet while simultaneously going long on the MELANIA token.

According to Hyperliquid and Lookonchain, the whale’s BTC perpetual futures short is highly leveraged at 40x, with a liquidation price set at $86,000. As of now, the trade has generated an unrealized gain of $1.3 million.

The high-risk short quickly gained attention on X (formerly Twitter), where pseudonymous trader CBB attempted to organize a group of traders to force the whale’s liquidation.

“11 hours ago, @Cbb0fe publicly formed a team to hunt this whale who shorted BTC with 40x leverage. Just one hour later, the team was in action, pushing BTC above $84,690,” blockchain analytics platform Lookonchain reported.

However, the whale managed to defend the position by injecting $5 million USDC to increase margin and avoid liquidation. Ultimately, the attempt to squeeze the short was unsuccessful.

Whale Also Takes a Long Position in MELANIA Token

While shorting BTC, the same whale has also placed a 5x leveraged long on MELANIA perpetual futures, betting on a price increase for the memecoin. Reports suggest MELANIA is marketed by MKT World LLC, a Florida-based company linked to Melania Trump, the wife of U.S. President Donald Trump.

Hyperliquid Applauds the Transparency of Its Platform

The trading platform Hyperliquid weighed in on the situation, highlighting how its transparency gives traders an edge.

“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.’ The decentralized future is here,” the platform wrote on X.

Hyperliquid recently made waves after a major trader executed a “liquidation arbitrage” strategy, draining floating profits and triggering forced liquidations, which ultimately shifted risk to the platform’s HLP vault.