Cryptocurrency: What Really Happened Behind the $19.1 Billion Massive Liquidation

NftBankruptcyClub · 2025-11-06T12:09:32+00:00

$19.133 billion in liquidations in just one night. Over 1,618,240 people affected. Bitcoin drops below $100,000, and Ethereum crashes to the $3,300 range.But wait—are these really just natural market fluctuations?Here's where it gets interesting.A so-called "OG BTC holder" seemed to act right before these events, as if they knew what was coming:- August 20: Shorted 36,000 BTC and switched to ETH- October 10: Deposited $80 million into Hyperliquid → Shorted 6 times the amount of 3,477 BTC- The next day: Added to ETH short positions → Shorted 12 times the amount of 76,242 ETH- During yesterday’s crash: This whale’s short position ballooned to around $1.1 billion

NftBankruptcyClub

2025-11-06 12:09:32

In a single night, a massive liquidation of $19.133 billion occurred, impacting 1,618,240 people. Bitcoin dropped below $100,000, and Ethereum plummeted to the $3,300 range.

But wait—are these truly just natural market fluctuations?

Here’s where it gets interesting.

It appears that a certain “OG Bitcoin holder” acted in a way that suggests prior knowledge:

August 20: Shorted 36,000 BTC and switched to ETH
October 10: Deposited $80 million into Hyperliquid → Shorted 6 times the amount of 3,477 BTC
The next day: Added to ETH short positions → Shorted 12 times the amount of 76,242 ETH
During yesterday’s crash: This whale’s short positions ballooned to $1.1 billion

The result? They made between $7,000 and $200 million in just one day. Hyperliquid’s LP vault also pocketed $40 million.

Chain analysis suggests this whale might be connected to Trend Research (related to Yili Hua).

Is this insider trading, or just accurate market prediction? Either way, this move shook the entire market.

What’s your take?

BTC1,97%

ETH3,69%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.