Anonymous traders attract attention. After betting on the market and making more than $150 million in profits last Friday, he opened a new short position worth $16 million with 10x leverage.
The trade took place on the decentralized derivatives platform Hyperliquid and signaled a decline in the price of Bitcoin (BTC).
As of this writing, the trader’s operations have accumulated $5 million in unrealized profits, as shown in the image below.
This investor became famous for predicting market declines with amazing accuracy. Just before President Trump announced new tariffs on imports from China, Whale opened a large short position in Bitcoin and Ether (ETH), the native cryptocurrency of the Ethereum network.
The timing of the operation raised great suspicion, as the trade was recorded at 20:49 Japan time on Friday, just one minute before the official announcement of 20:50 Japan time.
This “unbelievable luck” is the driving force, as internet researcher Stephen Findeisen, also known as “Coffeezilla,” sarcastically put it. Suspicions that traders are operating using privileged information.
Some on-chain analysts have pointed to clear links between Whale Wallet and Garrett Jin, former CEO of the defunct BitForex exchange.
As communities debate the legitimacy of their movements; New bet of $160 million keeps markets in suspense At a time when Bitcoin and cryptocurrencies will start to recover, as CriptoNoticias showed a few minutes ago.
