A mysterious trader on the Hyperliquid platform, who gained over $150 million by precisely predicting market crashes, has once again captured market attention. This whale trader, dubbed a "prophet," has opened a new $160 million leveraged short position, betting on Bitcoin price decline.
According to The Block data, on October 12 local time, the trader invested $16 million to establish a 10x leveraged Bitcoin short position, currently showing over $4 million in unrealized gains. This move has renewed tensions in the cryptocurrency market, with investors questioning whether this trader possesses information unknown to ordinary investors.
Binance founder Changpeng Zhao expressed concern about the incident, calling for verification of related claims on social media. He wrote: "Not sure about validity, hope someone can cross-verify." This reflects the industry's skeptical attitude toward such precisely timed trades.
Friday's market crash resulted in $19.1 billion in leveraged positions being liquidated, with over 1.66 million traders suffering heavy losses. Meanwhile, this mysterious trader completed their final short trade just one minute before Trump threatened new tariffs, with the timing precision sparking widespread controversy.
**Whale Strikes Again: $160 Million New Short Position Triggers Market Alert**
The globally watched Hyperliquid trader has opened new leveraged short positions worth over $160 million.
According to HypurrScan data, on October 12, the trader established positions when Bitcoin was priced at $117,370, investing $16 million for 10x leveraged shorts with liquidation price set at $123,500, below Bitcoin's previous all-time high of $126,080.
Some question the rationality of this timing choice. StockMarket.News wrote on social platform X:
"This is highly suspicious: The same trader who made $192 million last week just opened another massive short position on Hyperliquid, reportedly worth over $160 million. The timing is too coincidental. Does he know something we don't?"
Facing market speculation about this mysterious trader's identity and motives, Binance founder Changpeng Zhao publicly called for verification of related claims. He stated on social platform X: "Not sure about validity, hope someone can cross-verify."
This cautious attitude reflects the cryptocurrency industry's complex emotions regarding Friday's events. At that time, the trader completed their final short trade one minute before Trump threatened new tariffs, with such precise timing raising discussions about insider trading and market fairness.
Blockchain analysts have offered different viewpoints on the trader's identity. Some analysts linked the account to former BitForex CEO Garrett Jin through on-chain data, but this connection has been questioned by other analysts.
Renowned on-chain analyst ZachXBT stated:
"The only direct connection is a 40,000 USDT transfer, everything else is unverified theory."
**Crypto Bloodbath Review: The Perfect Harvest Behind $19.1 billion Evaporation**
Just half an hour before Trump announced tariff policies, a mysterious "whale" account established massive Bitcoin and Ethereum short positions on decentralized exchange Hyperliquid. Once Trump's tariff threat news emerged, the market crashed accordingly, with this address profiting nearly $200 million in one day.
Friday's cryptocurrency market crash set multiple records, with over $19.1 billion in leveraged positions liquidated within 24 hours, breaking historical records. Over 1.62 million people were forcibly liquidated, suffering total losses. Bitcoin, Ethereum, and Solana were hit hardest, with Bitcoin leading the decline at $5.38 billion in losses, followed closely by Ethereum at $4.43 billion.
This short-selling incident dealt devastating blows to other traders on Hyperliquid. Over 1,000 wallets were completely wiped out, with over 6,300 accounts deeply in loss, accumulating $1.23 billion in losses. A total of 205 wallets lost over $1 million, with over 1,000 users suffering single losses exceeding $100,000.
Cryptocurrency investigator Coffeezilla emphasized the abnormal precision of trading timing:
"The Hyperliquid whale's last short order was placed at 15:49 EST, exactly one minute before Trump threatened new tariffs on social media at 15:50. What 'incredible luck'."
Despite experiencing severe volatility, some observers view this decline as natural adjustment.
Bitmine Chairman Tom Lee stated that after experiencing a 36% gain, the pullback "should have happened long ago," and reaffirmed bullish prospects based on AI integration, institutional blockchain adoption, and Federal Reserve easing policies.