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BearWhale Facing Liquidation Risk as Bitcoin Touches Key Level
The cryptocurrency market is boiling as BearWhale - a famous figure with massive short positions - has increased his short Bitcoin position on the Hyperliquid platform from 400 million USD to 520 million USD. The noteworthy point is that BearWhale's new liquidation price is currently 85,565 USD, just less than 1,000 USD from the current Bitcoin price. This has made the investor community closely watch, waiting to see if BearWhale can maintain his position or will be liquidated in a strong short squeeze. Tension escalates as Bitcoin price approaches liquidation level Bitcoin is still hovering near its all-time high, with a clear upward trend in price. If the BTC price continues to rise and reaches $85,565, the $520 million position of BearWhale will be liquidated, triggering chain reactions that could push the price of Bitcoin even higher. On forums like Twitter and Reddit, analysts and traders are actively discussing the potential scenario: Will BearWhale add more capital to maintain its position, or will it be wiped out in a fierce (short squeeze) wave? The risk of liquidation could push the price of Bitcoin to new highs Once the liquidation level is reached, the system will automatically close the short position, creating a large buying wave and pushing the price of Bitcoin sharply higher. This can lead to a domino effect as other traders are also caught in the liquidation wave, causing BTC to skyrocket to new highs. BearWhale is not a strange character in the cryptocurrency world. This whale has previously bet on the downward trend of Bitcoin many times, but this time, the risk seems greater than ever. As Bitcoin continues to show strength, many are betting on a big squeeze that could blow away BearWhale's position and push the price of BTC to a new high. The market is on the verge of a major turning point If BearWhale is liquidated, Bitcoin could see a sharp price increase due to large buying pressure from closed short orders. However, if BearWhale has enough resources to maintain its position, the market may witness a dramatic tug-of-war between buyers and sellers. Regardless of the outcome, the cryptocurrency market is facing a crucial moment, and all traders are closely monitoring every price movement to determine the next direction of Bitcoin.