- Whale Short: $131M Bitcoin short faces liquidation if BTC reaches $111,770.
- Market Pressure: Heavy short liquidations and institutional buying could push BTC toward the trigger.
- Technical Momentum: Bullish indicators and RSI suggest sustained upward movement in the near term.
A Hyperliquid trader faces a looming $131 million liquidation if Bitcoin hits $111,770. The whale opened a 1.23K BTC short using 20x cross leverage on the decentralized perpetual futures exchange. As of November 10, Bitcoin — BTC , was trading at $106,443, $5,327 below the liquidation point. Analysts and traders are watching closely, as forced liquidations could drive sudden buying pressure and push BTC even closer to the critical level.
Whale Position and Market Context
The trader currently holds a $6.36 million unrealized profit, representing 4.86% gains from the average entry price of $111,499.30. Total account value stands at $8.54 million, showing substantial leverage exposure. CoinGlass flagged the wallet on social media, highlighting the potential impact of the position on broader market movements. The last 24 hours, as of writing, saw $343.89 million in forced crypto liquidations.
Short positions accounted for $256.95 million, roughly 75% of the total. Long positions made up the remaining $86.94 million. This data points to strong upward momentum for Bitcoin, as short traders face forced buying to close positions. The pressure could easily nudge BTC toward the $111,770 liquidation trigger. This whale has a history of profitable trading on Hyperliquid, generating $33.12 million in total realized profits.
The current short position opened through multiple entries starting in September 2025. Previous activity includes two auto-deleveraging events on October 10, totaling $47.25 million in liquidated positions. Compared to other whales, this trader prefers strategic entries over large, single trades, showing a calculated approach to high-leverage positions .
Factors That Could Push BTC to Liquidation
Technical indicators show Bitcoin maintains bullish momentum, with 15 buy signals and only one sell signal. The Relative Strength Index sits at 66, indicating healthy bullish sentiment without overbought conditions. These signals suggest upward momentum may continue if traders maintain confidence in the market. Institutional buying adds further pressure.
Strategy recently raised €620 million for Bitcoin accumulation, signaling renewed demand. Combined with ongoing short liquidations, the influx of buying interest could propel BTC toward $111,770. If that level is reached, the whale’s short would automatically liquidate, triggering cascading effects across leveraged positions. Traders are keeping a close eye on volume and technical levels. Any sustained rally above $106,500 increases the likelihood of a short squeeze.
Analysts note that while profit-taking is possible, current market structure favors buyers, creating a tense environment for heavily leveraged shorts. The combination of technical momentum, institutional buying, and existing leverage could spark a sharp move in the coming days.Bitcoin’s recent activity underscores the risk of concentrated short positions. Large leveraged trades can face sudden liquidation when momentum builds.
