Bitcoin News Update: BTC/ETH Whale's $50 Million Short Position Collapses, Volatility Converts Defensive Move into $5.5 Million Deficit

A well-known BTC/ETH whale, holding over $50 million in combined long positions, has experienced partial liquidation, drawing significant market attention amid increasing volatility. On-chain analyst Ai Yi has identified this whale, who is actively adjusting leveraged trades on Hyperliquid and currently maintains the platform’s largest BTC short, as reported by

. On October 27, the whale deposited an additional 2 million as collateral for its short, raising the liquidation price to $120,804.7. Nevertheless, as BTC prices climbed, the whale’s unrealized profits diminished, resulting in a $5.526 million deficit on the position.

This whale, often referred to as the "100% Win Rate Whale," had also injected 1 million USDC into the BTC short two hours earlier, lifting the liquidation point to $118,409. Despite these efforts, the position is now facing an unrealized loss of $4.07 million, with the liquidation price only $2,400 away. This is the second margin top-up by the whale this week, highlighting intensified risk management during turbulent market conditions.

Elsewhere, another whale with the address 0x960 has adopted a bullish approach, opening 15x leveraged long trades in both BTC and

. The ETH long, valued at $15.56 million, is at risk of liquidation if the price falls below $10,500, while the $21.46 million BTC long faces a liquidation threshold at $3,705. Notably, this whale had closed a BTC short through a stop-loss just 12 hours prior.

Farcaster’s Warplet NFT project also ignited excitement, with its native token CHAOS skyrocketing 950% within 24 hours of the announcement. The Harmonybot service on the Base chain creates personalized NFTs linked to user profiles, though minting opportunities remain scarce.

Additionally, Mt. Gox has postponed its repayment deadline by another year, according to market insiders, reflecting persistent obstacles in its recovery process.