Crypto whale risks $80M in high-leverage Bitcoin, oil, and S&P 500 bets
A large trader, known as a whale, has opened an $80 million leveraged position spanning Bitcoin futures, S&P 500 contracts, and Brent crude oil. The bets were placed on Hyperliquid DEX over two days, with high-risk exposure across multiple markets. This follows earlier losses by the same wallet after reversing profitable crypto trades. The whale took a $40 million short position on Bitcoin near $68,760, using 7x leverage. The liquidation price for this trade was set at $80,083. Bitcoin prices later recovered above $68,000 after dipping to $66,000 earlier in the week.
At the same time, the trader placed a $2 million short on synthetic S&P 500 Index contracts. They also opened a $37 million long position on synthetic Brent crude oil, with liquidation triggered only if prices fall below $93. The combined leverage across all positions reached 7x, amplifying potential gains or losses.
This wallet has a history of volatile trades. In December 2025 and February 2026, it recorded significant losses on leveraged crypto positions. Previously, it lost $40 million after reversing profitable short positions in digital assets. The whale's latest moves come amid broader market uncertainty. While no direct geopolitical events affected prices between June 13 and 15, 2024, later tensions in the Strait of Hormuz pushed oil above $80-110 per barrel and caused S&P 500 futures to drop. The trader's high-leverage bets now hinge on market shifts in Bitcoin, oil, and equities.
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