The “Genius” Whale Making $24M Off Bitcoin’s Misery: Is This the Future of Trading? 😂📉

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Key Highlights

  • One notorious Hyperliquid whale continues to rake in profits from Bitcoin’s misery, proving that even in a market wobbling like a drunk at a wedding, bearish strategies still rule.
  • Market data reveals that short positions are gaining momentum, while long traders keep getting smacked by losses and mounting funding costs. Tough luck, huh?
  • With whale activity falling and open interest dropping, traders seem to be getting cold feet as Bitcoin’s price tumbles. Leverage? Nah, they’re too smart for that now.

Behold! A whale on Hyperliquid, the master of misery, has turned a massive $24 million profit on Bitcoin shorts. Analytics platform Lookonchain identified this audacious trader, 0x5D2F, who’s been holding his short position on Bitcoin for over six months. A true glutton for pain – and profit.

The whale’s position stands at a staggering 1,232 BTC, worth around $113 million. And just in case you’re wondering, the position is still all short. They’ve bagged more than $50 million in net profits on Hyperliquid. Someone call an ambulance for the bulls, they’re getting wrecked here.

“This die-hard bear (0x5D2F) has been shorting $BTC for over 6 months, and his 1,232 $BTC ($113.27M) short is now sitting on over $24M in unrealized profit. His total profit on Hyperliquid has topped $51M, and he’s made over $9.2M just from funding fees.”

– Lookonchain (@lookonchain) November 20, 2025

The whale has racked up over $9 million in funding fees. According to HyperDash data, their combined account value stands at $13.1 million, with leveraged exposure of roughly $113.6 million. The position? 100% short, obviously. No love for longs here.

Onchain data reveals the whale’s take-profit orders are sitting somewhere between $75,000 and $79,000. Not bad, not bad.

But wait, there’s more: In the last 24 hours, volatility spiked, and at one point, the losses soared above $1.4 million. Then came the gains, only to be swiftly reversed during early morning trading. At the moment, the account’s margin usage is sitting at a high 43%. Who knew high leverage could still be a thing when prices are this shaky?

Market Positioning: Shorts Lead, Longs Bleed

According to Coinglass data, Hyperliquid Whale Tracker shows overall market positions totaling $5.29 billion. Of that, $2.81 billion is in shorts, slightly more than the $2.47 billion in longs. The market? Oh, it’s leaning bearish, with 53.19% of capital allocated to shorts. The bulls? Probably hiding under a rock somewhere.

Funny enough, margin backing is actually higher for longs at $306.79 million, compared to $282.77 million for shorts. Apparently, traders are being cautiously reckless, or recklessly cautious – who can tell anymore?

Short positions are winning right now. Shorts have pocketed $248 million, while longs have taken a $139 million hit. Funding fees? Oh, shorts are enjoying a nice $106.87 million in earnings, while longs are stuck paying $14.25 million. It’s the short life for these traders, and it’s paying off big time.

Whale Activity and the Pressure of the Market

CryptoQuant tracks how active big Bitcoin holders are on exchanges using the Whale Ratio. At the beginning of 2023, this ratio hovered between 0.2 and 0.5. But as volatility crept in during 2024, it occasionally spiked above 0.8. Who needs consistency when you have chaos?

Despite Bitcoin’s price surge from $20,000 in 2023 to over $100,000 in late 2025, big holders haven’t been very active. As of now, Bitcoin is trading around $92,300, and the whale ratio is a tame 0.37. Big fish are apparently sitting this one out. Wise decision?

Open Interest Decline: A Sign of Caution?

The price of Bitcoin has been slipping on the four-hour chart, and with it, open interest is falling, according to Santiment data. Looks like traders are trimming their leverage as the price weakness becomes undeniable.

Big drops in open interest usually happen when traders are forced to close positions to manage risk during volatile periods. The current sustained decline is a sign that traders are getting jittery. Confidence? That’s a rare commodity these days.

This Hyperliquid whale’s hefty profits demonstrate that betting on Bitcoin’s downfall can pay off, especially when the market is in turmoil. But don’t be fooled: not all whales are making moves, and fewer traders are taking major risks. Everyone seems to be on high alert, waiting for the next big swing. So, buckle up! 🚀 or 💥? Only time will tell.

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2025-11-20 15:29