In the wild world of cryptocurrency, big players known as whales can shake up the market with their massive trades. Recently, Onchain Lens, a platform that breaks down complex onchain data into digestible insights, highlighted one such whale who's been on an absolute tear. This trader has pulled in a staggering $11.29 million in profits over just 50 days, maintaining a flawless 100% win rate this week.

The spotlight is on their latest move: opening a 3x leveraged short position on 1,000 Bitcoin (BTC) six hours ago. Valued at $90.3 million, the entry price averaged $89,765.6 per BTC. For those new to trading lingo, a short position means betting that the asset's price will drop – you borrow it, sell high, and hope to buy back low to pocket the difference. Leverage amps up the potential gains (or losses) by multiplying your exposure; here, 3x means the position acts like it's three times larger than the actual collateral.

Right now, the wallet's dashboard on HyperTracker shows a floating loss of $535,367 – that's unrealized, so it could swing back to profit if BTC dips. The liquidation price, where the position would get forcibly closed to prevent deeper losses, is set at $122,932. That's a healthy buffer above the current market price, giving this whale some breathing room.

What makes this whale stand out is their track record. With an all-time profit and loss (PnL) of $11.29 million and no losses this week, it's no wonder Onchain Lens is asking: Would you copy trade this wallet? Copy trading lets you automatically mirror the moves of successful traders, a popular feature on platforms like Hyperliquid, where this action is happening.

Hyperliquid is a decentralized perpetuals exchange, allowing traders to bet on crypto prices without owning the assets, using leverage for bigger plays. Tools like HyperTracker from CoinMarketMan make it easy to monitor these whales in real-time, pulling data directly from the blockchain.

For meme token enthusiasts, this kind of whale activity on Bitcoin is worth watching. BTC often sets the tone for the broader market – if it drops as this short predicts, altcoins and memes could follow suit, creating buying opportunities or heightened volatility. On the flip side, a BTC pump might liquidate shorts like this, injecting liquidity that could fuel meme rallies.

If you're diving into meme tokens, keeping an eye on these big BTC moves via onchain tools can give you an edge. Check out the full details in the original tweet from Onchain Lens and consider if copying a whale like this fits your risk appetite. In crypto, fortunes can flip fast, so always trade smart and do your own research.