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- A single wallet opened a US$53 million Bitcoin short on Hyperliquid, with a liquidation price of US$80,630, a level more than 20% above Bitcoin\u2019s current price.<\/span><\/li>\n
- The same trader holds roughly US$91 million (AU$144 million) in total notional positions, including a long on Brent crude oil and shorts on silver and altcoins.<\/span><\/li>\n
- A separate whale was identified on March 25 running a similar strategy, reinforcing the pattern as a broader market trade, not an isolated bet.<\/span><\/li>\n<\/ul>\n<\/div>\n
Bitcoin<\/a> (BTC) traded around US$66,720 (AU$94.5K) on Monday after recovering from a low of US$65,000 (AU$94K).\u00a0<\/p>\n
Price action capped below US$67,000 (AU$97K) and overall activity remaining, well\u2026 awful, to say the least.<\/p>\n
But during this period, a wallet starting with 0x007d76c0ba opened a US$53 million (AU$84 million) short position on Hyperliquid. It has a liquidation level at US$80,630 (AU$127K).\u00a0<\/p>\n
According to Coinglass data<\/a>, the same wallet holds additional positions including a US$21 million (AU$33.3 million) short in altcoins such as ETH, a US$10 million (AU$15.9 million) short in silver, and a US$7 million (AU$11.1 million) long in Brent crude.<\/p>\n
![](\"https:\/\/cdn.cryptonews.com.au\/2026\/03\/31164607\/image-13.png\")
Souce: Coinglass.<\/figcaption><\/figure>\n Related: Bipartisan Bill Targets Political Betting by Federal Officials<\/a><\/strong><\/p>\n
Investors Getting Ready For $200 Per Barrel<\/h2>\n
Brent crude is trading at US$107 per barrel (AU$156), up about 48% since late February 2026. The increase is linked to tensions around the Strait of Hormuz, a route that carries roughly 20% of global oil supply.\u00a0<\/p>\n
US President Donald Trump has stated there is progress toward a potential agreement<\/a> with Iran while also raising the possibility of strikes on its energy infrastructure.<\/p>\n
Goldman Sachs raised its Brent price forecasts for March and April 2026, but some analysts have even outlined scenarios where prices reach US$200 per barrel (AU$291) if supply through the strait is disrupted.<\/p>\n
On-chain data shows a similar position from another wallet. As of March 25, wallet 0x94d\u202633814 held a US$70.65 million (AU$112.1 million) Bitcoin short at 40\u00d7 leverage and a US$19.16 million (AU$30.4 million) long in Brent crude at 20\u00d7 leverage.\u00a0<\/p>\n
Both positions were at unrealised losses exceeding US$1.7 million (AU$2.7 million) at the time.<\/p>\n
Related: XRP Slides Despite Goldman Sachs\u2019 $152M ETF Bet<\/a><\/strong><\/p>\n<\/p><\/div>\n
- The same trader holds roughly US$91 million (AU$144 million) in total notional positions, including a long on Brent crude oil and shorts on silver and altcoins.<\/span><\/li>\n