Crypto traders are focusing on a Bitcoin whale who has taken a massive short position worth approximately $521 million, using 40x leverage on the decentralized exchange Hyperliquid. This trader bets on Bitcoin falling further; however, they are at risk of liquidation if Bitcoin's price rises just 1.75% to $85,591. Since the whale opened its position, Bitcoin has dropped 23% from its all-time high of $108,786. Meanwhile, a group of traders, including the pseudonymous Cbb0fe, is organized to raise Bitcoin's price in an attempt to liquidate this whale. Despite a recent price spike, the whale remains in an unrealized loss of $630,000 due to Bitcoin's volatility. As of now, the whale has even boosted their position to avert liquidation. The situation exemplifies the high-stakes environment of leveraged trading in cryptocurrencies, where fluctuations can significantly impact traders' fates.

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