The post Bitcoin Extends Slide Below $107,000 As Whale Activity Goes Wild On Hyperliquid appeared on BitcoinEthereumNews.com.

Bitcoin has been retreating from its all-time highs and whale activity on Hyperliquid may have heavily influenced that outcome. Even more surprising was that one large Bitcoin whale might be responsible for the bearish price action. Analysts have been keeping track of a mega Bitcoin whale on Hyperliquid and the reasons are rather surprising. Previous analysis revealed that the whale (identified as James Wynn), previously executed multiple long positions collectively worth about $1.25 billion. The same whale held the record for the largest single trade on Hyperliquid. Recent findings revealed that the same whale closed the $1.25 billion position in a move that reportedly triggered a 1.3% dip in Bitcoin price action. The same whale has reportedly executed a short position worth $111.8 million. Source: X This was an important observation because analysts have been treating the whale’s movement as a market signal. Wynn’s pivot from bullish to bearish was therefore seen as a sign that bearish expectations were on the rise. Hyperliquid Whale Activity Signaled Profit-Taking and Growing Downside Potential The Hyperliquid whale’s trading activity aligned with external market data suggesting an expanding bearish footprint. The exchange-whale ratio on CryptoQuant surged as high as 0.65 on Saturday. Bitcoin exchange whale ratio/ source: CryptoQuant This was not only the highest exchange whale ratio observed last week but it was also a multi month high. The last time it revisited the same levels was on 16 July 2024. The spike in exchange whale ratio confirmed that most of the Bitcoin being deposited onto exchanges came from whales. In other words, whales that purchased BTC at or near its lowest levels in April accelerated profit-taking last week. Could the outcome signal more downside in the coming week? Extended downside in Bitcoin price action would be likely especially if the profit-taking extends to…

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Filed under: News - @ May 25, 2025 4:12 pm