Whale Linked to Trump Opens $76M Bitcoin Short on Hyperliquid
A high-profile whale with a flawless two-week trading record expanded Bitcoin shorts to $70.9M, securing $472K in unrealized profit from a $108,530 entry price.
BTC
ETH
HYPE
Fact Check
Multiple sources (1, 2, 4) directly corroborate that a trader opened a $76 million Bitcoin short position on the Hyperliquid platform. The 'linked to Trump' part of the statement is supported by numerous articles (1, 3, 4, 6, 9, 11) that explain this link stems from allegations that the same trader made suspiciously well-timed, profitable trades just before a Trump tariff announcement. While some sources note the trader denies being an insider, the link itself is a widely reported narrative, making the statement accurate based on the provided evidence.
Summary
On Oct. 22, the whale known for large BTC and ETH longs increased Bitcoin short positions from 299.69 to 657 units, worth $70.9 million at a $108,530 entry price. The trader currently holds $472,000 in unrealized profit and has maintained a 100% win rate across seven trades in the past two weeks.
Terms & Concepts
- BTC Short Position: A trading strategy aiming to profit from a decline in Bitcoin's price by selling borrowed BTC and buying it back at a lower price.
- Unrealized Profit: A profit that exists on paper, occurring when an investment has increased in value but has not yet been sold.
- Entry Price: The specific price at which a trader opens a buy or sell position in the market.