Bitcoin News Today Live: Hyperliquid Whale Doubles Down with $160M Bitcoin Short

Hyperliquid trader who made $150M on crypto shorts opens new $160M Bitcoin short, attracting new market speculation and interest.

The relocation interests the market because it poses questions of timing and insider knowledge.

Recently, a high-profile Hyperliquid trader made the crypto world headlines by making more than 150 million dollars in the course of shorting Bitcoin and Ethereum just before the huge market crash last Friday. 

The same trader has now launched a new levered bet on Bitcoin with a notional value of more than $160 million, and this has added to market curiosity and speculation.

New $160 Million Bet Sparks Speculation

The whale invested $16 million in a 10x leveraged short on Bitcoin, having invested at a price of 117,370.  The liquidation price of the position is $123,500, slightly lower than the recent peak of $126,080 in Bitcoin. 

This action has generated the trader a total of more than 4 million dollars in unrealized earnings, according to the HypurrScan data, as Bitcoin trades around $114,430.

This new bet comes after a remarkably timed trading pattern last week, where the trader accumulated huge short positions just a few minutes before President Trump announced new 100% tariffs on Chinese imports, a move that prompted an immediate decline in the crypto markets.

Intrigue Over Timing and Possible Links Raised

The precision of the timing has been remarked by analysts as uncanny. The trader continued to add to short positions until a minute ago. 

A time mentioned by cryptocurrency investigator Coffeezilla on X as an example of incredible luck is the announcement of the tariffs by Trump. 

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This has raised suspicions of possible prior knowledge, despite no concrete evidence having been established.

Subsequent on-chain research proposed minute links between the wallet of the whale and those of Garrett Jin, a former CEO of the now-defunct exchange BitForex, due to similarities in wallet activity and shared transaction addresses. 

Nevertheless, these allegations have been challenged by some analysts who suggest the relationship may be indirect and may be via acquaintances and not Jin himself.

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Market Impact and Reaction

The market crash last Friday resulted in over 19 billion liquidations in leveraged positions, and over 1.62 million traders were affected. 

Bitcoin and Ethereum were most affected, and Bitcoin alone endured more than 5 billion liquidations.

The exact short-selling behavior of the whale amidst this turmoil earned huge profits that would be dominant amidst massive losses among the Hyperliquid user base. 

This aggressive approach has brought back debates concerning market movers with important insight or power.

This developing narrative illustrates the stakes involved in crypto trading, where luck is on those who make calculated, timely moves. 

The recently announced Hyperliquid whale short valued at 160 million is already a hot topic in the market and demonstrates the dynamics of volatility that determines the price movement of Bitcoin.

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