Whale holds $32.36 million Bitcoin short on anniversary of 10/10 crash
On October 10, a Hyperliquid whale held a short position of 391.48 BTC worth $32.36 million on the first anniversary of the “10/10 crash.” The position had an average entry price of $82,863.10 and used 13x cross margin leverage. The account had $7.19 million in equity, and its liquidation price was $99,801.20, about 20% above the current price.
Data shows that the address has made a total of 4,726 trades. It earned $952,000 from perpetual futures over the past week, with a maximum drawdown of 11.03%. At the time of writing, the short position had unrealized profits of about $75,500.
On October 10, 2025, the crypto market experienced the largest liquidation event in history, wiping out more than $19.1 billion in leveraged positions. Bitcoin is currently trading at around $82,754, about 34% below its all-time high of $126,080. Data from Coinglass shows that if BTC rises to $85,000, about $3.3 billion in short positions would be at risk. Open interest in BTC on Hyperliquid stands at around 38,040 BTC.
On October 10, a Hyperliquid whale held a short position of 391.48 BTC worth $32.36 million on the first anniversary of the “10/10 crash.” The position had an average entry price of $82,863.10 and used 13x cross margin leverage. The account had $7.19 million in equity, and its liquidation price was $99,801.20, about 20% above the current price.
Data shows that the address has made a total of 4,726 trades. It earned $952,000 from perpetual futures over the past week, with a maximum drawdown of 11.03%. At the time of writing, the short position had unrealized profits of about $75,500.
On October 10, 2025, the crypto market experienced the largest liquidation event in history, wiping out more than $19.1 billion in leveraged positions. Bitcoin is currently trading at around $82,754, about 34% below its all-time high of $126,080. Data from Coinglass shows that if BTC rises to $85,000, about $3.3 billion in short positions would be at risk. Open interest in BTC on Hyperliquid stands at around 38,040 BTC.