Trader Who Made $160 Million Shorting Bitcoin, Ethereum Before Trump’s Tariff Threat Is Doubling Down: ‘Did Someone Know’
A trader who attracted attention for successfully shorting Bitcoin (CRYPTO: BTC) just before the recent crash added to their position even as the market rebounded on Sunday.
Investor Doubles Down On Bearish Position
The investor opened the position at $117,369 and was sitting on an unrealized profit of $3.70 million as of this writing, according to decentralized perpetual exchange Hyperliquid. The trader took a 10x leverage bet to boost the position’s value to over $163 million.
If Bitcoin reaches $123,510, which is 7.59% away from its current price, the trader will be liquidated.
Interestingly, the bet was taken despite the market’s sharp rebound, with Bitcoin regaining $115,000 on Sunday.
See Also: Bitcoin (BTC) Price Predictions: 2025, 2026, 2030
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