Tracking cryptographic whales on hyperlic blockchain enabled traders to tailor whales with significant leveled positions in a “democratized” attempt to eliminate them, in accordance with the head of research 10x.

Hyperliquid, a blockchain network specializing in trade, allows salesmen publicly observe What kind of position is organized by a whale, and because these items are used, the market can assess the levels of liquidation, unless an additional margin has been added, Marus Thielen said on March 17 report.

“This transparency opens the door to coordinated efforts in which groups of traders could intentionally direct these levels of detention to cause liquidation,” he said.

It is common to convince the cryptocurrency market that whales with significant resources can affect the market through their trade tactics, such as hunting for stopping, to deliberately cause orders to stop other traders and eliminate their positions.

Thielen claims that the recent actions of traders show that the balance of power may change.

“As a result, hunting for stopping is” democratized “, and ad hoc groups now play a role reserved mainly in the case of offices on the market or tax teams, in exchange before closer regulatory control,” added Thielen.

Thielen told Cointelegraph that it is still “it is not clear whether this type of activity will become common, but as always, transparency can cut both ways.”

Why do traders try to eliminate whales?

This is not the first time smaller traders tried to remove larger entities through coordinated commercial tactics.

Thielen claims that cryptographic traders trying to eliminate whales, have echoes of low gamestop closing, in which tiny traders turn the table on low Wall Street sellers, buying Gamestop shares, sending them to the highest levels of over USD 81 for their positions.

“It reminds me of the dynamics that we saw during the Gamestop saga in 2020/2021, where aggressive short squeeze led rapid jumps,” he said.

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“When the levels stop, prices often accelerate in this direction, ensuring fluidity to others to cover. Over the years, we have seen similar tactics from market creators and stock exchanges in cryptographic space. ”

Hunt is still included in the low 40-fold Bitcoin seller

On March 16, the cryptographic whale known for placing immense, highly leveled positions on the hyperlik opened 40 -a low position of USD 84,043 for over 4442 Bitcoin (BTC), worth over $ 368 million on March 16, in the face of liquidation, if the price of Bitcoin exceeded $ 85,592.

This movement was not unnoticed, but the nickname CBB trader sent Make a call to X to collect a team of traders with enough funds to eliminate the whale position.

Thielen said in the 10x report that on March 16, Bitcoin increased by 2.5% in a few minutes, partly due to coordinated effort to eliminate the low position of the whale on Bitcoin Perpetual via hyperwood.

Since then, a whale increased Their position up to $ 524 million, and at one point in whale hunters almost fulfilled their wish when the Bitcoins price reached 84,583.84 USD, According to To Coingecko.

However, some speculate that the unveiled low position can be intended.

Josh Man he said In a post from March 17 to X that a whale may intentionally try to be liquidated.

“So it is quite rare and not very used self-service technique and it is a bit like that,” he said.

“In such events, the seller actually creates a bomb designed to leave and create a rally from the liquidation of his own short. One would expect to have a large long shift compared to the short. ”

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