An anonymous trader captures attention. After making a profit of over $150 million betting against the market last Friday, today he opened a new short position worth $16 million leveraged by 10x.
The operation was made on the decentralized derivatives platform Hyperliquid, pointing to a drop in the price of bitcoin (BTC).
At the time of this writing, the trader’s operation accumulates unrealized profits of 5 million dollars, as seen in the following image:
This investor gained notoriety by anticipating the fall of the markets with astonishing precision. Shortly before President Trump announced new tariffs on Chinese imports, the whale opened massive short positions in bitcoin and ether (ETH), the native cryptocurrency of the Ethereum network.
The timing of the operation has raised enormous suspicions, since its transaction was recorded on Friday at 20:49 GMT, just one minute before the official announcement at 20:50 GMT.
This “incredible luck”, as described Ironically, Internet researcher Stephen Findeisen, also known as “Coffeezilla,” has fueled the suspicions that the trader operates with privileged information.
Some on-chain analysts have drawn apparent links between the whale wallet and Garrett Jin, former CEO of the defunct BitForex exchange.
As the community debates the legitimacy of their movements, The new bet of 160 million dollars keeps the market in suspense at a time when bitcoin and cryptocurrencies begin to recover, as CriptoNoticias showed minutes ago.