HyperLiquid Whale Accumulates Nearly $500 Million in New BTC Short Position

The Hyperliquid whale, who profited $192 million from shorting the recent market crash, has significantly increased their short position, amassing nearly half a billion in just two days.

As per data from the Hyperliquid block explorer Hypurrscan, this whale now holds a short position valued at approximately $496 million, utilizing 10x leverage with a Bitcoin (BTC) liquidation price set at $124,270.

The whale has more than doubled their bet since yesterday, having initially opened the position with $163 million, indicating another bold move against the market in the past week.

Related: 3 reasons why a Bitcoin rally to $125K could be delayed

This crypto investor gained attention two months ago, holding an impressive $11 billion in BTC. Last week, they initiated shorts worth $900 million on BTC and Ether (ETH).

The whale drew further scrutiny after opening a strategically timed short position just before US President Donald Trump’s tariff announcement on Friday, which caused a market downturn.

The community has referred to the wallet owner as an “insider whale” due to the peculiar timing of their short.

Who is this infamous whale? 

The true identity behind the wallet remains unverified; however, blockchain researchers over the weekend suggested a possible link to Garrett Jin, former CEO of BitForex, a defunct crypto exchange.