Hyperliquid Whale Goes Full Degenerate With $80M Short on Bitcoin—Because That's Worked So Well Before

A Hyperliquid DEX whale has built an $80 million leveraged position betting that Bitcoin and the S&P 500 will crash while Brent crude oil rallies. Bold strategy, Cotton—let's see if this time the market respects the confidence.

The whale, linked to address 0x94d373…c933814, constructed this nearly $80 million position between Tuesday and Wednesday. The trade includes a $40 million short on Bitcoin futures near $68,760, a $2 million short on synthetic S&P 500 Index contracts, and a $37 million long in synthetic Brent oil contracts. Total leverage sits at 7x—a whole lot of conviction for a trade that could go sideways real fast. These numbers are so big they probably need their own ZIP code.

The Bitcoin futures liquidation price sits at $80,083, while the Brent oil position gets liquidated above $93. For those keeping score at home, that's roughly a 16% move needed to turn this degen's dreams into a margin call. Nothing like playing with house money that isn't yours.

Here's the kicker: this particular whale lost $37 million in December 2025 during their first month of activity. On February 4th, they flipped a $25 million short profit into a $40 million loss after switching positions on ETH, BTC, SOL, and XRP. That's a $40 million oof in a single day. Some traders learn from their mistakes. This whale? Apparently not.

The timing is, let's say,