# Crypto Group Pursues Trader’s Substantial Bitcoin Short Stake: Whale Under Attack
A whale on the Hyperliquid exchange is creating a stir after launching a significant Bitcoin short stake valued at about $450 million. Currently, a group of traders is on a quest to eliminate this unknown whale.
According to Hypurrscan, the whale recently ended two stakes totaling 208 BTC at $83,392, worth over $18 million.
To prevent liquidation on Hyperliquid, the trader added $7.5 million in collateral to their Bitcoin short. On-chain data reveals the trader has already lost nearly $1.1 million in unrealized profit and loss (PNL).
At the moment, the trader holds a stake of 5,167 BTC, valued at roughly $429 million, with an unrealized profit of $4 million and a 40x leverage on the short stake. They also hold a 5x leverage long stake of 571,715 MELANIA tokens, worth $390,000.
The whale started building their substantial Bitcoin short stake on March 16th. Crypto trader @Cbb0fe (CBB) noticed the questionable activity and called on other traders to join a public “hunt” to liquidate the whale’s stake and prevent further harm to the ecosystem.
CBB posted, “If you’re willing to join the hunt for this guy, DM me. We’re forming a team and already have plenty of capital.”
In another post, CBB informed traders that only those with “7-figure” capital should contact them, as the team’s combined funds had already exceeded 8 figures.
Within an hour of forming the team, they successfully pushed the market price of Bitcoin from $83,183 to over $84,690. Canary Capital Files for Spot SUI ETF
To sustain his existing state and bypass closure, the enormous investor was compelled to contribute $5 million in USDC. Hyperliquid’s verified profile even remarked on the on-chain actions of this currently prominent short seller, stating the system has become associated with “the marketplace” because of the extensive awareness it has actually amassed in the crypto realm. Previously this calendar month, on March 12, a huge investor started to long 175,000 ETH (Ethereum) worth $340 million at 50x influence on Hyperliquid. The profile composed, “When a huge investor shorts over $450 million of BTC and desires the general public to recognize, it can simply occur on Hyperliquid.” Because of the huge liquidation quantity, Hyperliquid needed to soak up the setting at $1,915 in an initiative to liquidate it. Nevertheless, the “quest” has actually not achieved success, as the huge investor remains to enhance their BTC short setting through TWAP, hence preventing liquidation. Consequently, Hyperliquid has actually shed over $4 million.
