Bitcoin News Update: BTC Whale's $64 Million Long Positions Face Off Against $131 Million Shorts Approaching Liquidation as Price Approaches $111,000

A newly identified whale address has become the largest

holder on Hyperliquid, amassing a $64 million long position after taking advantage of a recent price drop. The address, 0x9263, ETH and other tokens six days prior, and now sits on $8.5 million in unrealized gains on the decentralized platform. This strategy stands in contrast to another major Hyperliquid whale, who holds a $131 million short position that if Bitcoin (BTC) surpasses $111,770. As of November 10, 2025, was priced at $106,443, before the short position would be forcibly closed.

Over the past 24 hours, the crypto market has experienced $343.89 million in liquidations,

from short positions, highlighting bullish momentum. The whale behind the $131 million short, who is using 20x leverage, from an average entry price of $111,499.30. At the same time, has earned $31 million in total profits on Hyperliquid, including a streak of 20 consecutive winning trades.

Technical analysis points to strong , at 66 and 15 buy signals compared to just one sell signal. Institutional interest, accumulating BTC, is also fueling the price rally. Nevertheless, after Hyperliquid incurred a $5 million loss during a $30 million POPCAT manipulation event, which set off $63 million in forced liquidations.

The contrasting approaches between short and long positions reveal differing outlooks. While the 0x9263 whale’s long bets align with BTC’s upward trend,

, initiated on November 5, signals confidence in continued growth. On the other hand, could trigger buying pressure, possibly driving BTC toward $111,770.

Hyperliquid’s aggregate open positions total $5.336 billion,

and $175 million in unrealized profits. Despite this, the platform’s liquidity issues for both traders and investors in this volatile environment.