
Daan Crypto Trades|May 24, 2025 06:44
BTC The Hyperliquid Whale has been very entertaining to watch. He just closed 200M on his 1.2B public long position.
After scaling in and out of positions last week, he currently sits in a 1B BTC long which is underwater.
The liquidation price, if no new collateral is added, sits 3-4% lower.
Isssue with his size is that just closing a "small" part of it, like he did just now, already moves price by a few hundred $. This is why executing such size, even on BTC, is incredibly hard.
All things considered, he has done very well up to this point with a +31M PNL in the last 30 days.
But for reference, with size like this, every 1% BTC candle equals a 10M PNL swing.
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