A trader who got $ 192 million short -circuiting BTC ahead of last week’s Crypto Wipeout has reloaded with a large bearish position as the markets are trying to recover after the Trump chef.
The wallet, identified as 0XB317 on the decentralized derivatical platform Hyperliquid, opened a new short position of $ 163 million on Bitcoin late Sunday, data from Hypurrscan shows. The position is 10x geared and already $ 3.5 million in profits in Asian afternoon hours with a liquidation level of $ 125,500.
The same trader first drew attention on Friday when it opened a massive card approx. 30 minutes before former President Donald Trump’s surprise notice of 100% duty on Chinese import-a step, deleting over $ 19 billion in crypto-market value and triggering the biggest day of liquidation on the market.
The perfect time -related efforts led to a gain of almost $ 200 million, triggering speculation that the unit may have had prior knowledge of the policy change.
On-chain analysts and dealers have since called the address an “insider whale.” Some even claim that the position itself could have accelerated the crash.
🚨 This Hyperliquid whale opened shorts just 30 minutes before Trump announced 100% duty on China. He closed the trades for $ 192 million in profit. These accounts were opened today and he has already withdrawn most of the money
Lucky whale or insider?
Cc @Martypartymusic pic.twitter.com/uwv5lbsj5n
– Ash Crypto (@ashcryptoreal) October 11, 2025
What is hyperliquid and why it matters
Hyperliquid is the largest decentralized eternal exchange that lets dealers open futures positions with high leverage direct on-chain without relying on centralized intermediaries such as Binance or OKX.
It has become a favorite of high-frequency dealers and whales due to its deep liquidity, transparent order book and lightning fast execution, making it one of the few defiplatforms capable of handling institutional size streams.
The platform also has auto-delivery (ADL) or a built-in security mechanism that prevents poor debt during extreme volatility. When insurance funds are drained, ADL closes with force profitable positions to cover losses from bankruptcy accounts. It ensures solvency, but it can also worsen sale as profitable dealers are liquidated to balance the system.
Over 6,000 wallets were hit during the weekend’s ADL-triggered flush, according to Hypertracker data, dried more than $ 1.2 billion in Trader Capital on Hyperliquid alone.
The new short adds an intrigue to a market that is already on the edge as participants continue to assess infection effects after the weekend.
