As reported in previous cryptocurrency news, a large Bitcoin whale recently increased its short position on the Hyperliquid platform to $515 million, considered the biggest Bitcoin short position in history. This leveraged position caused significant reactions in the crypto market. After facing losses of several million dollars on Tuesday, this trader had a surprising comeback and made substantial profits. The whale closed its position after the release of the Consumer Price Index, which was lower than expected and considered a positive signal for Bitcoin. Ultimately, the whale made a profit of $9.46 million with the recent Bitcoin price drop. Following the closure of this position, the whale entered the Ethereum market and purchased over 3,200 ETH worth $6.1 million on March 18th. Currently, the Bitcoin price is at $83,192 with a 0.93% increase from the previous day. Ethereum price also reached $1,905 with a 0.37% growth. Additionally, in the past 24 hours, $184 million has been liquidated in the crypto market, with more than half ($94.19 million) related to short positions. Market fluctuations in digital currencies are expected to continue as investors await the Federal Reserve’s interest rate decision on Thursday, March 19th. Predictions indicate that the Federal Reserve will likely not change the interest rate, but its decisions can greatly impact the crypto market and lead to further fluctuations. You can track the prices of all tokens and cryptocurrencies live on the instant digital currency price page.
