If BTC Rises to $78K, Five Whales Shorting with High Leverage Could Face Liquidation

According to HyperInsight monitoring, BTC's price swing on Feb 2 caused significant liquidations across multiple whale positions. Notably, nine BTC whales with positions exceeding $1 million shorted BTC at leverage levels with entry prices ranging from $77K to $80K. As the price rebounds, these short positions are now in substantial floating losses.

Among the tracked shorting addresses, 0xbb8… exited its position with a stop-loss order. Five other addresses remain under pressure as their liquidation levels cluster around the $78K mark. These addresses are: 0xb56, 0x7a8, 0xb86, 0x801, and 0x93a.

Of these, address 0x7a8 came closest to liquidation. It already experienced partial liquidation at the time of writing, with the next liquidation level at $77.8K. Its position size has since dropped to around $960K. Address 0xb56, however, holds the largest exposure at approximately $4 million, with a liquidation price at $78K. Its floating loss has already reached -140%.