Bitcoin whale dumps $122 million 40x long right before liquidation can strike
A public Hyperliquid wallet valued at about $107 million on July 19 fully exited its 40x Bitcoin long on July 20 after briefly expanding to 1,897 BTC. Lookonchain had reported a 1,660 BTC position with a listed...
Bitcoin 1 Minute
A notable development has hit the crypto markets. A public Hyperliquid wallet valued at about $107 million on July 19 fully exited its 40x Bitcoin long on July 20 after briefly expanding to 1,897 BTC. Lookonchain had reported a 1,660 BTC position with a listed liquidation price near $63,123. Hyperliquid's public account data show the wallet added another 235 BTC early on July 20.
The wallet then sold 903. 48 BTC at an average price near $64,666, leaving 994 BTC. It closed the remainder at 06:33 UTC at an average price of about $63,931, generating $63.
Market Dynamics
56 million in closed trades and fully exiting the position. Across both phases, the wallet sold about $122 million of BTC at a combined average near $64,281. Nine minutes before the last sale, the position still carried a listed liquidation price near $61,605 while Hyperliquid's BTC mark was about $64,149.
The final trades filled no lower than $63,876. A post-sale check showed the wallet was empty, wiping out its $61,605 liquidation level before Bitcoin ever reached it. The exit removed one visible leveraged position without establishing a price floor.
Public Hyperliquid liquidation levels often act as account-specific market markers, but they are not fixed support levels or forecasts. In this case, the marker ceased to apply when the wallet closed. Related Reading Why viral public whale liquidations are becoming a real trading signal on Hyperliquid Hyperliquid's transparent liquidation data turned one whale's repeated ETH wipeouts into a real-time signal traders can track and react to.
Market Impact
Jun 24, 2026 Liam 'Akiba' Wright Open interest remains large, but comparable venues declined Substantial derivatives exposure remained elsewhere. Early Monday, Hyperliquid showed about 38,750 BTC of open interest and positive hourly funding near 0. CoinGlass reported about $47.
46 billion in aggregate Bitcoin open interest, with $34. 06 billion in futures volume versus $2. 35 billion in spot volume.
Related Reading Bitcoin price is being held up by $79B in futures market bets that could unwind fast BTC's futures activity has surged as ETF inflows resume, creating a market that could extend higher or unwind quickly if liquidity fades. Jul 8, 2026 Oluwapelumi Adejumo Over the comparable 23-hour window, Binance BTCUSDT open interest fell 0. 67% in BTC terms, while Bybit's linear BTCUSDT open interest declined 4.
This shift continues to shape the digital-asset landscape, with analysts examining its near-term effects.
