Giant Whale's Thrilling Escape with 40x Leverage: How to Avoid Liquidation of $122 Million Positions?

According to Woofun AI, a Bitcoin giant whale with 40x leverage made an emergency exit before facing a liquidation crisis. His holdings with a total value of about $122 million successfully avoided the risk of bursting out through precise operations. This incident was not a simple market sell-off; it was an extreme de-risking operation targeting specific highly leveraged positions, demonstrating the ability of giant whales to control risk under extreme market conditions.

In the first phase of the transaction, the wallet sold 903.48 bitcoins at an average price of $64,666, and 994 bitcoins remained in its hands after the transaction. This initial position reduction is aimed at reducing the overall leverage ratio and leaving buffer space for subsequent operations. Notably, the market did not fluctuate drastically at this time, and the giant whale's selective sell-off showed its fine control over position management rather than a panic escape.

According to data compiled by Woofun AI, the second phase of the clearance operation was completed at 06:33 UTC, and the remaining bitcoins were sold at an average price of 63,931 US dollars, ultimately achieving a profit of 63.56 million US dollars. Combining the two stages, the wallet emptied the entire position at an average price of $64,281. Nine minutes before the last transaction, the liquidation price was around $61,605, while Hyperliquid was quoted at $64,149, and the minimum transaction price was no less than $63,876.

This series of operations ensured that the exit was completed before the price hit the liquidation threshold, completely eliminating the risk of the position being burnt out.

Looking at macro data, the number of BTCUSDT open contracts on the Binance platform fell by 0.67% in Bitcoin during the same 23-hour period, while the number of linear BTCUSDT open contracts on the Bybit platform fell by 4.64%.

This comparison shows that the exit behavior of giant whales did not trigger a contraction in the overall leverage of the market, but rather risk mitigation for individual positions. The $61,605 liquidation threshold has lost its reference significance. If Bitcoin's trend weakens, future liquidation pressure will come from other positions that remain open.