HyperLiquid Whale Loads Up Almost $500 Million On New BTC Short

The Hyperliquid whale that banked $192 million shorting the recent market crash has doubled down on their new short position, having now loaded up almost half a billion over the past two days.

According to data from Hyperliquid block explorer Hypurrscan, the whale now has a short position worth around $496 million, at 10x leverage and a Bitcoin (BTC) liquidation price of $124,270.

The whale has more than doubled their bet since yesterday, after initially opening the position with $163 million. It marks yet another aggressive move betting against the market over the past week. 

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

The crypto investor shot up on the radar two months ago with a whopping $11 billion worth of BTC in their holdings. Last week, they opened up $900 million worth of shorts on BTC and Ether (ETH).     

The whale gained attention again after opening a curiously timed short position less than an hour before US President Donald Trump’s tariff announcement on Friday, which led to the crypto market crashing in its aftermath. 

The community has dubbed the wallet owner as “insider whale,” given the strange timing of the short. 

Who is this infamous whale? 

The identity behind the wallet has not been confirmed; however, blockchain sleuths over the weekend pointed to a potential connection to Garrett Jin, the former CEO of BitForex, a now-defunct crypto exchange.