$80M Hyperliquid Whale Bet Predicts Bitcoin Crash and Oil Rally
Main Receptors:
A hyperliquid well placed an $80 million bet on Bitcoin and the S&P 500 as Brent crude oil prices rallied.
The whale's heavy losses and inconsistent signals suggest that the trade may be on the wrong side of the market.
Bitcoin (BTC) showed strength on Wednesday, rebounding from Tuesday's low of $66,000 after President Donald Trump teased a possible ceasefire between the US and the Israel-Iran war. Even with Bitcoin trading above $68,000, one whale used Hyperliquid DEX to make an $80 million bet on a market crash.
Traders are now keeping a close eye on this whale's massive position as a bitcoin price drop looms.
HyperLiquid Well, linked to the address 0x94d373…c933814, carefully built up this nearly $80 million advantage between Tuesday and Wednesday. The trade included a $40 million short (sell) in Bitcoin futures near $68,760, a $2 million short (buy) in S&P 500 index contracts and a $37 million long (buy) in Brent crude oil contracts.
The total position of the whale was stopped 7 times, indicating high guilt. The price of Bitcoin futures liquidation was $80,083, but the Brent oil spot was strongly interrupted above $93. S&P 500 index futures gained 4% between Tuesday and Wednesday, with traders anticipating an escalation of the US-Israel-Iran war over the next few weeks.
On Wednesday, President Trump said the “new president of the Iranian regime” was considering a “ceasefire” to fully open the Strait of Hormuz, although the conditions were not clear. Iran demands reparations and sovereignty. So one might assume that Hyperliquid Well defies the market's optimism as Brent crude oil jumps while Bitcoin loses its value.
This hyperliquid well previously lost $40 million.
This address is for a particularly unlucky whaler, or at least the most unlucky one since the end of January. HyperLiquid Well uses bots for execution due to the number of small trades that build to huge positions, but in the first month of activity in December 2025, it managed to lose $37 million.
The same user was flagged by X user ‘lookonchain' on February 5th after he suffered huge losses on bullish bets on Ether (ETH), Bitcoin, Solana (SOL) and XRP (XRP).
According to the analysis, the whale previously made a profit of $25 million from shorts in several cryptocurrencies, but decided to reverse the position on February 4, resulting in a loss of $40 million. There's no way to know exactly what motivated this entity to make those bets, but the incident shows that even whales can misinterpret the market.
Related: Warren Buffett Buys $17B in US T-Bills: Bad Sign for Bitcoin Price?
Misguided signals from President Trump about a full invasion and war on Iran leave room for opposing views. Iran's Foreign Minister Abbas Araghchi denied that there had been ceasefire talks, but confirmed to Al Jazeera on Tuesday that there was a desire to end the war, CNBC reported.
Given this whale's history of market positioning and track record of losing trades, the current $80 million bet may end up in the wrong direction of the market.
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