Read Time: < 1 minute A major whale in the digital currency market has recently opened a short position worth over $445 million in Bitcoin (BTC) futures on the Hyperliquid platform. Simultaneously, they have taken a long position on the Melania token (MELANIA). The short position with 40x leverage and a liquidation price of $86,000 has yielded unrealized profits of $1.3 million. This move caught traders' attention to the extent that a trader named CBB on social network X urged other market participants to help liquidate this whale. As a result, just one hour after this campaign, the Bitcoin price surged to $84,690. However, to prevent liquidation, the mentioned whale deposited $5 million in USDC stablecoin into their account and ultimately, the liquidation attempts failed. Additionally, the whale has a long position with 5x leverage in Melania futures and predicts an increase in the token's price. Hyperliquid platform has stated that the high transparency of the platform introduces a new concept of trading and this event indicates significant changes in decentralized markets. Visit the digital currency real-time price page to monitor all token and cryptocurrency prices live.
