Big Bitcoin Bet as BTC Whale Doubles Down With $393 Million Long Position

On-chain data reveals that an unknown large market participant has opened a few mindblowing long positions for bitcoin with an average price of just over $103,000.Broadcasting live data from the exchange it was opened on – Hyperliquid, CoinGlass’s live feed shows that the liquidation price is set at $95,576.A WHALE JUST OPENED $276 MILLION 40X LONG POSITION ON BITCOINTHE LIQUIDATION PRICE IS $95,000WHALE OR INSIDER ? pic.twitter.com/79Aopmbl1m— Ash Crypto (@Ashcryptoreal) May 17, 2025Numerous crypto content creators and influencers picked up the massive position on Saturday evening, which at first was worth a more modest $276 million. The initial entry price was $103,129.However, live data from CoinGlass shows that the mysterious whale capitalized on a brief opportunity they had when bitcoin’s price slipped below $103,000 to double down on their position, which is now worth over $393 million (3,790 BTC).The entry price has been lowered to $103,083, but the liquidation still stands at just shy of $95,600. Given BTC’s current price tag of almost $104,000, the whale stands on a “modest” unrealized profit of $3.3 million as of now.http://cryptopotato.com/wp-content/uploads/2025/05/Screenshot-2025-05-18-145358.pngThere have been quite a few cases in the past couple of months in which mysterious whales opened large positions on Hyperliquid that caught the community’s attention. Recall anotherexamplefrom March this year when someone opened a massive multi-million-dollar short position.Later, popular crypto sleuth ZachXBT claimed that this was William Parker, a UK individual linked to a $1 million casino theft among other scandals.According to the reports, Parker profited around $20 million by using extremely high leverage to open positions worth hundreds of millions of dollars, which allowed him to manipulate the market.