{"id":52678,"date":"2025-10-14T05:01:33","date_gmt":"2025-10-14T05:01:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=52678"},"modified":"2025-10-14T05:01:33","modified_gmt":"2025-10-14T05:01:33","slug":"cz-exposes-bitcoin-whale-who-made-192-million-from-fridays-crash","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=52678","title":{"rendered":"CZ Exposes Bitcoin Whale Who Made $192 Million From Friday\u2019s Crash"},"content":{"rendered":"
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Changpeng \u201cCZ\u201d Zhao has thrust a fast-escalating on-chain mystery into the center of Bitcoin\u2019s news cycle, amplifying an investigation that alleges a single Hyperliquid trader\u2014long rumored to control more than 100,000 Bitcoin\u2014both catalyzed and profited from last Friday\u2019s violent deleveraging. \u201cNot sure of validity. Hope someone can cross check,\u201d CZ wrote on X as he quote-posted a 12-part thread by pseudonymous researcher Eye that attempts to tie the \u201cHyperliquid\/Hyperunit whale\u201d to former BitForex chief executive Garrett Jin.<\/p>\n

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Not sure of validity. Hope someone can cross check. https:\/\/t.co\/SPN26EXtaw<\/a><\/p>\n

\u2014 CZ \"\ud83d\udd36\" BNB (@cz_binance) October 12, 2025<\/a><\/p>\n<\/blockquote>\n

This Is The Infamous Bitcoin Whale<\/h2>\n

The timing and profitability are not in dispute. Multiple market dashboards indicate the whale\u2019s short bet\u2014opened on Hyperliquid only minutes before the US\u2013China tariff headlines hit<\/a>\u2014was closed for roughly $192 million in profit, after which a fresh ~$160 million notional Bitcoin short was reportedly opened over the weekend.<\/p>\n

What Eye adds is a chain of attribution. The thread claims that, across August\u2013September, the whale rotated more than $4.23 billion<\/a> worth of Bitcoin into ETH on Hyperliquid using both spot and perpetuals, then funneled over 570,000 ETH into staking, ultimately interacting with a custom deposit contract.<\/p>\n

Eye further asserts that fee funding for the address that placed the now-famous ~$735 million Bitcoin short can be traced\u2014via a set of intermediary wallets and a Binance deposit address\u2014to an ENS identity, \u201cereignis.eth,\u201d which Eye says resolves to a second ENS, \u201cgarrettjin.eth,\u201d and ultimately to Jin\u2019s public X account.<\/p>\n

In Eye\u2019s telling, the Bitcoin provenance fans out to old withdrawals from HTX\/Huobi, OKX, ViaBTC, Bixin and Binance from seven to eight years ago, a period overlapping Jin\u2019s early-crypto resume. None of this, Eye concedes between the lines, is a signed confession; it is a linkage map built from address reuse, ENS pointers and funding paths.<\/p>\n

Jin effectively acknowledged he is the individual in Eye\u2019s crosshairs\u2014while rejecting the most explosive insinuations. \u201cHi @cz_binance, thanks for sharing my personal and private information. To clarify, I have no connection with the Trump family or @DonaldJTrumpJr \u2014 this isn\u2019t insider trading,\u201d he wrote on Monday.<\/p>\n

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Hi @cz_binance<\/a>, thanks for sharing my personal and private information. To clarify, I have no connection with the Trump family or @DonaldJTrumpJr<\/a> \u2014 this isn\u2019t insider trading.<\/p>\n

\u2014 Garrett (@GarrettBullish) October 13, 2025<\/a><\/p>\n<\/blockquote>\n

He followed with a multi-part explanation of the team\u2019s bearish posture going into the move, arguing that the crash was telegraphed by a blend of macro, cross-asset correlation and structural leverage<\/a> signals rather than privileged political intel.<\/p>\n

\u201cFrom a technical analysis perspective, US tech stocks, A-shares tech stocks, and major cryptocurrencies have all shown overbought signals, such as MACD divergence,\u201d Jin posted, adding that \u201ccryptos and US tech stocks historically have a high positive correlation,\u201d and that his internal models had thrown \u201crisk alerts\u201d amid rising US\u2013China trade frictions since late September.<\/p>\n

He also contended that extreme retail leverage on non-cash-flowing crypto assets made a liquidity spiral inevitable, and proposed that exchanges adopting \u201ca stabilization fund-like mechanism, similar to US equities, [to] provide liquidity support during crises\u201d would reduce repeat blow-ups.<\/p>\n

At press time, Bitcoin traded at $114,533.<\/p>\n

\"Bitcoin<\/div>\n","protected":false},"excerpt":{"rendered":"

Changpeng \u201cCZ\u201d Zhao has thrust a fast-escalating on-chain mystery into the center of Bitcoin\u2019s news cycle, amplifying an investigation that alleges a single Hyperliquid trader\u2014long rumored to control more than 100,000 Bitcoin\u2014both catalyzed and profited from last Friday\u2019s violent deleveraging. \u201cNot sure of validity. Hope someone can cross check,\u201d CZ wrote on X as he […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-52678","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/52678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52678"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/52678\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}