 
 
A mysterious whale trader who recently made nearly $200 million shorting Bitcoin ahead of last weekend’s market bloodbath, which resulted in $19 billion in liquidations, has just opened more massive bearish positions.
The wallet, labeled as 0xb317 on the decentralized derivatives exchange Hyperliquid, opened a new $163 million leveraged perpetual contract to short Bitcoin on Sunday.
The position is 10x leveraged and has already raked in roughly $3.5 million in unrealized profit as of publishing time. Still, it will be liquidated if the BTC price rallies to $125,500 — below Bitcoin’s recent historic high of $126,080.
The same unknown trader first grabbed the cryptoverse’s attention on Friday after on-chain analysts pointed out that it opened a massive short roughly 30 minutes before former President Donald Trump’s surprise announcement of additional 100% tariffs on Chinese imports — a move that spooked investors across all asset classes and sent the crypto prices reeling in a record-breaking flash crash.
Bitcoin briefly fell below the $110,000 psychological threshold, and Ether plunged under $3,700, while the broader market capitalization dropped below $4 trillion.
 
Lucky Whale Or Insider?
The uncanny timing of the bet netted the Hyperliquid trader a staggering $192 million, igniting speculation that the entity may have had prior knowledge of the U.S. policy shift.
The crypto community has since labeled the address as an “insider whale.” Some spectators even suggest that the position itself could have contributed to the weekend downturn.
“The crazy part is that he shorted another 9 figs worth of BTC and ETH minutes before the cascade happened. And this was just publicly on Hyperliquid imagine what he did on CEXs or elsewhere,” one user by the online moniker MLM wrote on X. “I’m pretty sure this guy played a huge role in what happened today.”