Bitcoin News Today: Bitcoin's Rally Pushes Whale's $131M Short Toward Imminent Liquidation Trigger

A high-stakes Bitcoin short position valued at $131 million faces imminent liquidation if the cryptocurrency surges past $111,770, according to analytics from decentralized exchange Hyperliquid. The whale, identified by wallet address 0x5d2f..b7, opened the position in September 2025 using 20x cross leverage, holding an unrealized profit of $6.36 million as of Nov. 10, 2025. Bitcoin traded at $106,443, leaving a $5,327 buffer before the liquidation trigger.

The trader's exposure has drawn attention amid a broader market rally that drove $343.89 million in forced liquidations over 24 hours, with 74.7% of the total-$256.95 million-attributed to short positions. The concentration of short liquidations suggests upward pressure on Bitcoin, as traders scramble to buy to close positions. Analysts warn this dynamic could accelerate price movement toward the $111,770 threshold, where the whale's position would automatically close.

The wallet's trading history reveals a track record of aggressive leverage. It has generated $33.12 million in total realized profits on Hyperliquid, including two major auto-deleveraging events in October 2025 involving $28.38 million and $18.87 million positions. This contrasts with other whale activity on the platform, where a trader recently opened a $64.7 million long position on Nov. 5, betting on further gains.

Technical indicators reinforce bullish momentum. Bitcoin's Relative Strength Index (RSI) stands at 66, signaling neutral-to-bullish sentiment without overbought conditions. Meanwhile, 15 buy signals outweigh one sell signal on key metrics. Institutional demand is also rising: Strategy, a major buyer, raised €620 million in preparation for accumulation, adding to upward pressure.

The interplay of forced buying from short liquidations and institutional inflows creates a self-reinforcing cycle. If Bitcoin continues its rally, the $111,770 liquidation level could trigger cascading market activity, amplifying price gains. This scenario underscores the volatility inherent in leveraged positions, where even a modest price shift can have outsized consequences for large players.