Bitcoin rebounded above $68,000 on Wednesday after dipping to $66,000 the previous day. Amidst this volatility, a notable trader, dubbed a Hyperliquid whale, has opened an audacious $80 million leveraged position counter to the prevailing market optimism. This move correlates with recent geopolitical developments following comments from President Donald Trump regarding a potential ceasefire in the ongoing tensions between Israel and Iran.
High-Stakes Trading Strategy Unveiled
The significant position was executed on the Hyperliquid decentralized exchange, with trades occurring between Tuesday and Wednesday from wallet address 0x94d373…c933814. A component of this strategy included a $40 million short on Bitcoin futures, positioned near $68,760. In addition to this substantial short, the trader also initiated a $2 million short on synthetic S&P 500 Index contracts, while simultaneously taking a $37 million long position in synthetic Brent crude oil contracts. The aggregate leverage for this exposure reached an impressive 7x, effectively amplifying the trader’s stakes across all positions.
The liquidation price for the Bitcoin futures is set at $80,083, creating a significant buffer for the whale, while the Brent oil position would be liquidated if prices exceed $93. This strategic setup highlights a bearish outlook on Bitcoin and equities while expressing an expectation of rising oil prices.
The timing of this bold move coincided with a 4% increase in S&P 500 Index futures between Tuesday and Wednesday, spurred by President Trump’s remarks suggesting that Iran might be open to a ceasefire. However, responses have been mixed, with Iranian officials denying active ceasefire discussions yet expressing desires to end hostilities.
Past Trades Influence Current Positioning
Notably, the Hyperliquid whale has a history of volatile trading outcomes. In December 2025, the same wallet encountered a staggering loss of $37 million due to aggressive leverage positions during an earlier trading spree. Utilizing automated bots, this trader has previously shifted rapidly between long and short positions across various cryptocurrencies, including Ethereum, Bitcoin, Solana, and XRP. Just earlier this year, the address switched from short to long positions across several crypto assets only to incur a $40 million loss shortly thereafter.
This $DASH super short “0x94d3” made a big mistake yesterday.
He closed his $BTC, $ETH, $SOL, and $XRP shorts, then flipped long — and is now down $15.8M.
His total PnL went from +$25.5M to −$15.3M.
Address:
0x94d3735543ecb3d339064151118644501c933814 pic.twitter.com/WWzg2HaF45— Lookonchain (@lookonchain) February 5, 2026
Despite this chaotic history, the whale’s new $80 million exposure reflects a robust conviction regarding a predicted downturn in Bitcoin values as well as those of broad equities. This bite-sized entry serves as a counterpoint to the whale’s bullish long position in Brent crude oil, suggesting an expectation of rising energy prices.
As Bitcoin fluctuates above the $68,000 mark during this latest position build-up, traders remain on edge, responding to the varying claims of ceasefire and geopolitical influences. At the time of reporting, the whale’s positions remain active on the Hyperliquid exchange, signaling an ongoing strategic play amid turbulent market conditions.
