A Hyperliquid wallet valued at $107 million fully exited its 40x Bitcoin long position on July 20, selling 1,897 BTC at an average price near $64,281. This move removed a significant leveraged position, indicating concentrated de-risking rather than a market-wide expansion of leverage.
A long-dormant Bitcoin miner, active since the Satoshi era, transferred 2,650 BTC ($203M) to FalconX and Cumberland OTC desks. This move may signal a sale or liquidity transaction, occurring as Bitcoin prices hover below average miner production costs, pressuring operations.
Bitcoin fell nearly 7% from its $82,800 peak as whales shifted from accumulation to distribution. Realized losses surged over $600 million in a day, with long-term holders bearing the brunt, signaling a potential momentum shift.
A Bitcoin whale is down $13 million as BTC price rebounds 40% from February lows, but the trader continues to stand by the short position
Bitcoin whales holding 1,000-10,000 BTC have accumulated approximately 240,000 BTC since December, bringing total holdings to 3.09 million BTC—a level last seen on November 11, 2025. Long-term holders now hold 14.57 million BTC, while institutional investors added 92,900 BTC over the past month. Technical analysis shows a potential double top near $79,400, with liquidity zones at $74,700 and $73,700, though analysts target $85,000-$88,000 for May.
A whale known as BobbyBigSize on Hyperliquid exchange, linked to London-based asset manager Fasanara Capital, holds a $38 million short position in Bitcoin and altcoins. The trader accumulated $159 million in profits over seven months but lost $561,000 in the past 30 days. Negative funding rates on Binance and Bybit signal unusual demand for bearish positioning despite BTC's 29% gain since its Feb. 6 yearly low of $60,100.
