Bitcoin News Today: BTC/ETH Whale's $50M Short Bet Crumbles as Volatility Turns Defense into $5.5M Loss

A prominent BTC/ETH whale with a combined long position exceeding $50 million has been partially liquidated, triggering market attention as volatility intensifies. The whale, identified by on-chain analyst Ai Yi, has been actively managing its leveraged positions on Hyperliquid, where it holds the largest BTC short position, according to a Lookonchain feed. On October 27, the whale added 2 million USDC to its short position collateral, pushing the liquidation price to $120,804.7. However, rising BTC prices have eroded its unrealized gains, leaving the position with a $5.526 million loss.

The same whale, dubbed the "100% Win Rate Whale," had previously added 1 million USDC to its BTC short position two hours earlier, raising the liquidation threshold to $118,409. Despite this, the position now faces a $4.07 million unrealized loss, with the liquidation price just $2,400 away. This marks the second time this week the whale has bolstered its margin, reflecting heightened risk management amid volatile market conditions.

Meanwhile, a separate whale with the address 0x960 has taken a bullish stance, opening 15x leveraged long positions in both BTC and ETH. The ETH position, worth $15.56 million, is at risk of liquidation if the price drops below $10,500, while the BTC position of $21.46 million faces a liquidation price of $3,705. Notably, that whale had previously liquidated a BTC short position via stop-loss 12 hours ago.

Market activity extended beyond leveraged trading. River's public sale of its ecosystem token, River Pts, began on October 29 using a Dutch auction mechanism, with BNB as the subscription currency. The token has surged 40-fold since its TGE on September 22 and an additional 5-fold after listing on Binance Perp.

Farcaster's Warplet NFT initiative also sparked frenzy, with its native token CHAOS surging 950% in 24 hours following the announcement. The project's Harmonybot service on the Base chain generates unique NFTs tied to user profiles, though minting windows remain limited.

Mt. Gox further extended its repayment deadline by a year, according to market sources, underscoring ongoing challenges in its rehabilitation plan.