Is there another twist? Last Friday's "precise short selling" drew attention across the entire market, and the mysterious trader has once again opened a $160 million short position.

Is there another twist? Last Friday's "precise short selling" drew attention across the entire market, and the mysterious trader has once again opened a $160 million short position.

The mysterious trader who made over $150 million in profits on the Hyperliquid platform by accurately predicting the market crash is once again drawing attention. This “prophet” whale trader has opened a new $160 million leveraged short position, betting on a decline in Bitcoin’s price.

According to The Block, on October 12 local time, the trader invested $16 million to open a 10x leveraged Bitcoin short position, which has already yielded over $4 million in unrealized gains. This move has made the cryptocurrency market tense again, with investors questioning whether this trader possesses information unknown to regular investors.

Binance founder Changpeng Zhao commented on the event, calling for verification of the relevant claims on social media. He wrote: "Not sure about the validity, hope someone can cross-check." This reflects the industry’s skeptical attitude toward such precisely timed trades.

Last Friday’s market crash led to the liquidation of $19.1 billion in leveraged positions, with over 1.66 million traders suffering heavy losses. Yet the mysterious trader completed his last short order just one minute before Trump threatened to impose new tariffs, an uncanny timing that sparked widespread controversy.

Whale Moves Again: New $160 Million Short Raises Market Alert

The globally watched Hyperliquid trader has opened a new leveraged short position worth more than $160 million.

According to HypurrScan data, on October 12, the trader opened his position when Bitcoin was at $117,370, investing $16 million to set up a 10x leveraged short, with a liquidation price set at $123,500, below Bitcoin’s previous all-time high of $126,080.

Some have questioned the rationality of this timing. StockMarket.News wrote on platform X:

"This is very suspicious: The same trader who made $192 million last week just opened another round of massive short positions on Hyperliquid, reportedly worth over $160 million. The timing is too coincidental. Does he know something we don’t?"

Facing speculation about the mysterious trader’s identity and motives, Binance founder Changpeng Zhao publicly called for verification of these claims. On platform X, he stated: "Not sure about the validity, hope someone can cross-check."

This cautious stance reflects the complex emotions within the crypto industry regarding last Friday’s events. The trader’s perfectly timed final short order, one minute before Trump’s tariff threat, has prompted debate about insider trading and market fairness.

Blockchain analysts have expressed differing views about the trader’s identity. Some analysts used on-chain data to connect the account to Garrett Jin, former CEO of the now-defunct exchange BitForex, but other analysts dispute this link.

Renowned on-chain analyst ZachXBT commented:

"The only direct link is a $40,000 USDT transfer; all other information is unconfirmed theory."

Last Week's Crypto Massacre Recap: The Perfect Harvest Behind $19.1B Vanished

According to a previous article on Jianshi, just half an hour before Trump announced the tariff policy, a mysterious "whale" account set up huge Bitcoin and Ethereum short positions on the decentralized exchange Hyperliquid. Upon the news of Trump’s tariff threat, the market instantly collapsed, and this address earned nearly $200 million in one day.

Last Friday’s cryptocurrency market crash set several records, with over $19.1 billion in leveraged positions liquidated in 24 hours, a new historical record. More than 1.62 million were forced to close out, suffering heavy losses; Bitcoin, Ethereum, and Solana were hardest hit. Among them, Bitcoin led the plunge, losing $5.38 billion, followed by Ethereum with $4.43 billion in losses.

This short-selling event dealt a devastating blow to other traders on Hyperliquid. Over 1,000 wallets were wiped out, more than 6,300 accounts fell deep into loss, with cumulative losses of $1.23 billion. A total of 205 wallets lost more than $1 million, and more than 1,000 users individually lost over $100,000 in a single trade.

Crypto investigator Coffeezilla highlighted the exceptionally precise timing of trades:

"The Hyperliquid whale placed his last short order at 15:49 EST, exactly one minute before Trump threatened new tariffs on social media at 15:50. Truly 'incredible luck.'"

Despite the severe market turmoil, some observers saw the drop as a natural correction.

Bitmine Chairman Tom Lee said, after a 36% rise, a pullback "was long overdue," and reiterated his bullish outlook based on AI integration, institutional blockchain adoption, and the Fed’s loosening policy.

Risk Warning and DisclaimerThe market involves risks, investment requires caution. This article does not constitute personal investment advice, nor does it consider the special investment objectives, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in the article fit their particular circumstances. Investing based on this article is at your own risk.