A Bitcoin whale short has been opened by the same trader who made $192 million during the recent market downturn. The Hyperliquid trader is betting against Bitcoin again with a massive new position, and this insider whale move comes as Trump tariff impact continues to shake markets. The crypto market crash aftermath has created another opportunity for this mysterious wallet.
Yahoo Finance said on the topic:
“A Satoshi-era Bitcoin whale opened over $1.1 billion in short positions against BTC and ETH just before President Donald Trump announced 100% tariffs on Chinese imports.”
Inside the Bitcoin Whale’s New Short Amid Trump Tariff Fallout
The Bitcoin whale short position now sits at approximately $163.5 million with 10x cross leverage on Hyperliquid. At the time of writing, this Hyperliquid trader has already secured over $683,000 in unrealized profits from the new position. The wallet address 0xb317d2bc is the same one that previously capitalized on Bitcoin’s sharp decline.
Previous Success and Market Timing
This insider whale’s previous Bitcoin whale short was opened when BTC traded near $125,000 and closed as prices fell below $110,000. The timing was exceptional, netting the trader $192 million in profits. Right now, Bitcoin is trading around $115,100, and the whale appears confident in further downside.
CoinCentral analysts said:
Also Read: Bitcoin Could Sink to $75,000 & Ethereum to $1,500, Says Economist
“The trader’s original shorts on BTC and ETH came minutes before Trump’s tariff announcement, raising questions about advance knowledge.”
The Trump tariff impact has created significant uncertainty across markets. The crypto market crash wiped billions from the total market cap, and this Hyperliquid trader seems positioned to profit once again from volatility.
Platform-Wide Effects
This has been because of the recent market turmoil that has hit a lot of traders on Hyperliquid. Statistics indicate that wallet accounts containing more than a million dollars were decreasing considerably since the decline in Friday. This insider whale took an aggressive stance as compared to losses of hundreds of other members of the platform.
It is yet unknown whether this Bitcoin whale short will pay off, but the successful trading history of the trader and large size of position poses an interest to other participants in the market.
Also Read: Cryptocurrency Market Faces Major Crash, Bitcoin Falls To $112k