Analytics
Whale Trader Bets $116M Against Bitcoin on Hyperliquid
In early June 2025, whale trader William Parker opened a record $116M 40× short on Bitcoin via Hyperliquid. On-chain data also shows Wintermute shorting ETH as the market skews slightly bearish.
TL;DR
- William Parker opens $116M 40× BTC short on Hyperliquid
- Shorts edge out longs: ~52% vs 48%
- Wintermute holds notable 20× ETH short
William Parker’s $116M BTC Short Highlights Bearish Whale Sentiment
William Parker’s $116M 40× BTC Short
On-chain analytics reveal that crypto trader William Parker – previously exposed by blockchain investigator ZachXBT and identified as a convicted fraudster – has opened an enormous short position on Bitcoin.
According to Drops Analytics data, Parker’s wallet took a 40× leveraged short worth roughly $116 million, with an average entry near $107,766 per BTC and a liquidation price around $110,841. As of now, that position shows about +$3.2M unrealized profit. (For context, Bitcoin was trading around $107K at this time, just above Parker’s entry price).
Parker first grabbed headlines in March 2025 when he made ~$6.8M on a leveraged BTC long and ~$9M on a BTC short. All those earlier trades used 50× leverage. The same on-chain sleuthing that identified Parker’s March gains now shows he remains an active Hyperliquid trader.
In short, “HyperLiquid’s” data confirms Parker is back with a record short. That this single trader controls one of the largest BTC shorts on the platform underscores his outsized influence. Investors should note the risk: 40× leverage means Bitcoin only needs a modest bounce back (toward $110,841) to trigger liquidation.
Wintermute’s 20x leverage
The broader Hyperliquid market is also modestly bearish right now. On-chain figures show roughly 52% of open positions are shorts versus 48% longs. In other words, more traders are positioned for a dip than a rally. This slight short-bias matches the whale activity (like Parker’s big short) and may signal general cautious sentiment.
For example, besides Parker’s bet, Wintermute – a major crypto market maker – is recorded holding a 20× leveraged short on Ethereum at around $2,556. (Drops Analytics flags this as a “top short” position.) Such a substantial ETH short by a professional liquidity provider suggests significant bearish conviction at ETH’s current price level.
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