Whale Trader Reopens $340M Bitcoin Short Amid Accusations
- A trader on Hyperliquid added $40 million USDC to short Bitcoin using a 10x leverage.
- The current open position yields around $700,000 in unrealized profits.
- The trader previously made nearly $200 million by shorting Bitcoin and Ethereum before a market crash.
- Accusations label the wallet owner as a “Trump insider,” though no direct evidence supports this claim.
- Former BitForex CEO Garrett Jin confirmed connections to the account, stating it’s his clients’ fund.
A whale trader has reopened a significant short position against Bitcoin, leveraging recent market volatility for potential profit gains. This action follows previous successful trades that capitalized on market downturns linked to external political events.
Despite accusations of insider trading due to timing with political announcements, the trader denies any such connections, emphasizing the speculative nature of these claims. Source
