Crypto Whale Opens Another BTC $163M Short After Pocketing $192M In Profits

A crypto whale who was in the news last week for netting $192 million in profits with an impossibly well timed short has retuned with another short position on

Bitcoin
BTC

$114,496.51


2.94%

Bitcoin
BTC


Price

$114,496.51

2.94% /24h





Volume in 24h

$80.90B



Price 7d

.

According to blockchain data, the trader behind the wallet address 0xb317 placed a $163 million short on Hyperliquid, late on Sunday. He used a 10x leverage and is already showing $3.5 million in unrealized gains.

(Source: Hypurrscan)

This is the same trader who drew attention last week for placing a massive short just before US President Donald Trump’s tariff announcement, which triggered a market-wide collapse and netted the trader nearly $192 million in profits.

In case you didn’t know – the BTC whale closed 90% of his BTC short and fully closed his ETH short, making around $190–$200M profit in just one day on Hyperliquid.

The crazy part is that he shorted another 9 figs worth of BTC and ETH minutes before the cascade happened. And this… pic.twitter.com/QhmUpesG0j

— MLM (@mlmabc) October 10, 2025

The timing of these trades have led to speculations and accusations of insider activity, with some calling the trader an “insider whale.”

Crypto analyst MLM pointed out that the same wallet also shorted BTC and ETH minutes before the crash and suggested that the whale may have contributed to the weekend’s liquidation wave.

This guy played a huge role in what happened today,” MLM posted.

On-chain data later highlighted that over 250 wallets on Hyperliquid lost millionaire status.

Just deposited another $40M USDC and started shorting millions more.https://t.co/ZeuGr2XvsM https://t.co/pI7xSrZMRA pic.twitter.com/BcYPdwKr73

— MLM (@mlmabc) October 13, 2025

The extreme volatility and lack of regulation in decentralized trading have sparked fresh concerns about market fairness.

EXPLORE: Top 20 Crypto to Buy in 2025

Binance Under Fire After BTC Short Selloff Glitch

Binance again came under scrutiny after traders claimed that the platform malfunctioned during the recent market drop. During the liquidation, several tokens used as collateral in Binance Earn products temporarily lost their peg, including USDe, which dropped to $0.65, along with BNSOL and WBETH.

Binance clarified that these depegs happened after the crash and not before it. But users holding these assets complained of facing forced liquidations.

what the fuck?

many alts went to 0 in one candle

tried to buy some shit on Binance, got hit with a “system abnormality” message pic.twitter.com/diC5BzUAId

— krillin ॐ (@LSDinmycoffee) October 10, 2025

At the same time, a display glitch caused some altcoin prices to appear as zero due to changes in decimal precision, which added to the panic even though the actual token value remained intact.

Binance CEO Richard Teng has since then apologized and emphasized the platform’s commitment to transparency and user protection.

Binance will compensate part of the users affected by last night’s massive depeg across $USDe, $BNSOL, and $WBETH markets where prices briefly crashed, with USDe falling below $0.66.

Richard Teng and Yi He apologized, saying Binance “takes responsibility” and will review each… pic.twitter.com/d9Wij9qEpo

— AltSeasonRadar (@Pulseoftlg) October 12, 2025

The exchange confirmed that it will compensate affected users and denied rumors of a coordinated exploit, stating that the volatility was market-driven.

Further, Binance pledged to improve its risk systems, introduce a soft price floor for USDe, and refine its UI to prevent future mispricing.

EXPLORE: Best New Cryptocurrencies to Invest in 2025

Trump’s Approval Drops Amid Shutdown And Crypto Ethics Concerns

Trump’s approval ratings have dropped significantly, with only 40% Americans expressing support and 58% disapproving, according to a Reuters/Ipsos poll.

The decline follows criticism over his decision to use military-style tactics in law enforcement. Meanwhile, a separate HarrisX post showed a slightly higher approval rating of 46%.

(Source: HarrisX)

The drop in support comes during a government shutdown caused by Congress missing the October 1 deadline to pass a spending bill.

In the meantime, Trump has blamed the Democrats for the impasse and said that he plans to cut funding for their programs in future budgets.

Trump: We will be cutting some very popular Democrat programs that aren’t popular with Republicans, frankly. That’s the way it works.

— NewsWire (@NewsWire_US) October 9, 2025

At the same time, Trump’s pro-crypto position is facing scrutiny, with Senator Elizabeth Warren warning that his involvement in crypto could raise ethical concerns if he profits from related ventures while holding office.

EXPLORE:  Next 1000X Crypto – Here’s 10+ Crypto Tokens That Can Hit 1000x This Year

The post Crypto Whale Opens Another BTC $163M Short After Pocketing $192M In Profits appeared first on 99Bitcoins.