Bitcoin News Today: BTC Whale's $64M Long Bets Clash with $131M Short on Liquidation Brink as Price Nears $111K

A new whale address has emerged as the top Bitcoin holder on Hyperliquid, accumulating a $64 million long position after capitalizing on a recent price dip. The address, 0x9263, shifted from short positions in ETH and other assets six days ago, currently holding $8.5 million in unrealized profits on the decentralized exchange. This move contrasts with another Hyperliquid whale's $131 million short position, which faces liquidation if Bitcoin (BTC) climbs above $111,770. As of Nov. 10, 2025, BTC traded at $106,443, leaving a $5,327 buffer before triggering the short's forced closure.

The crypto market has seen $343.89 million in 24-hour liquidations, with 74.7% stemming from short positions, underscoring upward price pressure. The whale behind the $131 million short, using 20x leverage, has a 4.86% unrealized profit from an average entry price of $111,499.30. Meanwhile, the 0x9263 address has generated $31 million in cumulative profits on Hyperliquid, including a 20-trade winning streak.

Technical indicators suggest bullish momentum, with Bitcoin's Relative Strength Index at 66 and 15 buy signals versus one sell signal. Institutional demand, including a €620 million fund's accumulation strategy, further supports price gains. However, liquidity risks persist after Hyperliquid suffered a $5 million loss during a $30 million POPCAT memecoin manipulation incident, which triggered $63 million in forced liquidations.

The market's short-long dynamics highlight diverging strategies. While the 0x9263 whale's long positions align with rising BTC, another trader's $64.7 million long position, opened Nov. 5, reflects optimism about sustained gains. Conversely, the $131 million short's liquidation could force buying, potentially pushing BTC toward $111,770.

Hyperliquid's total position value stands at $5.336 billion, with 55.36% in shorts and $175 million in unrealized earnings. The platform's liquidity challenges, however, remain a concern for traders and investors navigating volatile conditions.