Bitcoin Whale Flips Short to Leveraged Long on 1,000 BTC Amid $88K Break

A prominent Bitcoin whale tracked on Hyperliquid has executed a dramatic position reversal, closing a 1,000 BTC short worth approximately $91 million and immediately entering a leveraged long at $91,437, with liquidation priced at $59,112. The flip occurred on November 28, 2025, as Bitcoin rallied to $92,300, generating $1.3 million in paper gains on the new long — though the move has drawn attention for its high-risk leverage amid ongoing volatility.

The Whale’s Activity: $10 Million Profits from October Trades

The trader’s reversal follows a profitable run of $10 million in net gains from BTC positions since October 2025. The short was initially established as prices approached $90,000, capitalizing on the subsequent pullback. However, with Bitcoin breaking higher, the whale pivoted aggressively, scaling into the 1,000 BTC long in a single execution.

This contrarian flip highlights the whale’s confidence in upward momentum, with the position now showing positive unrealized P&L as BTC holds above $92,000. The liquidation threshold at $59,112 provides a wide buffer, but the leverage amplifies both potential rewards and risks in a market prone to sharp reversals.

• Short Closed: 1,000 BTC (~$91M).
• Long Opened: 1,000 BTC at $91,437 (liquidation $59,112).
• Net Profits Since October: $10M from BTC trades.

Market Context: Bitcoin’s $88K Break and Rally to $92K

The whale’s move coincides with Bitcoin’s volatile session, where it briefly dipped below $88,000 — its lowest since July — before rebounding to $92,300. The 4.2% 24-hour gain followed $1.1 billion in liquidations, predominantly longs, as traders navigated tariff fears and Fed policy uncertainty (82.7% December cut odds). Bitcoin’s market cap stabilized at $1.8 trillion, with dominance at 58%.

The rally, up 3.83% daily, reflects renewed risk appetite after the $88K test, with on-chain data showing whale accumulation and ETF inflows of $46.34 million last week.

Community and Analyst Views: High-Risk Play in Volatile Market

Sentiment on X is mixed, with 60% bullish on the whale’s conviction but 40% warning of leverage dangers in a 27% monthly drawdown. Analysts like Murphy note: “Whales adding at $88K support signals $80K confidence.” RunnerXBT added: “91.8K key; targeting $104K on remaining long.”

In summary, the 0x0ddf9 whale’s 1,000 BTC short close and leveraged long entry at $91,437, after $10M October profits, underscores conviction amid Bitcoin’s $88K break and $92K rally—though leverage risks persist in this volatile environment.