Hyperliquid 50x Whale Liquidates 108 BTC Short Positions, Secures $5.6M Profit

The "Hyperliquid 50x Whale" is currently in the process of liquidating a significant short position in Bitcoin (BTC) to secure profits. This strategic move involves the use of a Time-Weighted Average Price (TWAP) strategy, which aims to minimize market impact by breaking down large orders into smaller, more manageable trades executed at regular intervals. This approach helps in achieving a more accurate average execution price that closely aligns with the actual market price.

Over the past hour and a half, the "Hyperliquid 50x Whale" has successfully closed 108 BTC short positions. According to HyperInsight data, the current short position in BTC stands at 40x, with a notional value of $455 million. This position has generated a floating profit of $5.6 million. The entry price for this position was $83,923.2, and the liquidation price is set at $85,898.

In addition to the BTC short position, the "Hyperliquid 50x Whale" also holds a long position in MELANIA, valued at $2.526 million. The entry price for this position was $0.69135, and the current price of MELANIA is $0.74333, resulting in a floating profit of approximately $177,000.

The decision to liquidate the BTC short position using a TWAP strategy indicates a calculated approach to profit-taking, aiming to avoid significant market disruption. This strategy is particularly useful for large traders who wish to exit positions without causing abrupt price movements that could negatively impact their overall returns. By spreading out the trades over time, the "Hyperliquid 50x Whale" can execute the liquidation more smoothly, potentially maximizing profits while minimizing market impact.

The use of TWAP strategies in the cryptocurrency market is not uncommon, as it provides a method for large players to manage their positions effectively. This approach allows for a more controlled and predictable exit from large positions, which is crucial in the volatile cryptocurrency market. The "Hyperliquid 50x Whale" appears to be leveraging this strategy to its advantage, ensuring that the liquidation process is executed efficiently and profitably.