Crypto Large holder Initiates Another Bitcoin $163M Short After Securing $192M In Earnings
A cryptocurrency large holder who gained attention last week for raking in $192 million from an astutely timed short has returned with yet another short position on
BTC
2.18%
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$74.22B
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Based on blockchain information, the trader associated with crypto wallet address 0xb317 executed a $163 million short on Hyperliquid, late Sunday night. He applied a 10x leverage and is already seeing $3.5 million in unrealized earnings.
(Source: Hypurrscan)
This is the same investor who garnered attention previously for executing a substantial short just before US President Donald Trump’s tariff announcement, which led to a market-wide decline and earned the crypto holder nearly $192 million in gains.
Just so you know – the Bitcoin big investor closed 90% of his BTC short and completely closed his Ethereum short, making around $190–$200M profit in only one day on Hyperliquid.
The insane part is that he shorted another 9-figure amount of Bitcoin and ETH just moments before the drop occurred. And this… pic.twitter.com/QhmUpesG0j
— MLM (@mlmabc) October 10, 2025
The timing of these trades has raised suspicions and allegations of insider trading, with some labeling the trader an “insider large holder.”
Crypto analyst MLM pointed out that the same wallet also shorted BTC and ETH just minutes prior to the crash and suggested that the whale may have played a role in the liquidation wave over the weekend.
This individual had a significant part in today’s events,” MLM remarked.
On-chain data later revealed that more than 250 wallets on Hyperliquid lost millionaire status.
Just deposited another $40M USDC and commenced shorting millions more.https://t.co/ZeuGr2XvsM https://t.co/pI7xSrZMRA pic.twitter.com/BcYPdwKr73
— MLM (@mlmabc) October 13, 2025
The notable volatility and the absence of regulation in decentralized trading have ignited renewed concerns regarding trading market fairness.
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Binance Under Investigation After Bitcoin Short Selloff Glitch
Binance once again faced criticism after users reported that the platform malfunctioned amid the recent market downturn. During the liquidation, several tokens utilized as collateral in Binance Earn products briefly lost their peg, including USDe, which fell to $0.65, along with BNSOL and WBETH.
Binance clarified that these depegs occurred post-crash and not prior. However, users holding these tokens voiced frustrations over facing forced liquidations.
what the heck?
many alts went to 0 in one candle
tried to buy some assets on Binance, got hit with a “system abnormality” message pic.twitter.com/diC5BzUAId
— krillin ॐ (@LSDinmycoffee) October 10, 2025
Simultaneously, a display error caused certain alternative coin prices to show as zero due to adjustments in decimal precision, which escalated panic despite the actual crypto token values remaining stable.
Binance CEO Richard Teng has since apologized and stressed the platform’s dedication to transparency and user safety.
Richard Teng and Yi He issued apologies, claiming Binance “takes responsibility” and will review each… pic.twitter.com/d9Wij9qEpo
— AltSeasonRadar (@Pulseoftlg) October 12, 2025
The exchange has confirmed its intention to compensate affected users and has dismissed rumors of a coordinated exploitation, stating that the volatility was driven by trading market forces.
Additionally, Binance committed to enhancing its risk management systems, implementing a soft price floor for USDe, and refining its UI to avoid future mispricing.
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Trump’s Approval Rating Declines Amid Shutdown And Crypto Ethics Concerns
Trump’s approval ratings have significantly decreased, with just 40% of Americans showing price floor and 58% expressing disapproval, according to a Reuters/Ipsos survey.
This fall follows criticism regarding his choice to employ military-style strategies in law enforcement. Meanwhile, a separate HarrisX post displayed a slightly higher approval rating of 46%.
(Source: HarrisX)
The decline in approval comes during a government shutdown resulting from Congress failing to meet the October 1 deadline for passing a budget.
In the meantime, Trump has blamed the Democrats for the deadlock and mentioned plans to cut funding for their initiatives in future budgets.
Trump: We will be eliminating some very trending Democrat programs that aren’t appreciated by Republicans, frankly. That’s how it functions.
— NewsWire (@NewsWire_US) October 9, 2025
Simultaneously, Trump’s pro-crypto stance is under scrutiny, with Senator Elizabeth Warren cautioning that his participation in crypto might raise ethical dilemmas if he profits from related enterprises while holding office.
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Key Takeaways
- BTC Whale’s $163M short follows $192M win, igniting insider trading claims
- Binance malfunction and crypto token depegs triggered forced liquidations and user distress
- Trump’s approval diminishes amid shutdown, law enforcement backlash, and crypto ethics worries
The post Crypto Big investor Opens Another Bitcoin $163M Short After Pocketing $192M In Profits appeared first on 99Bitcoins.
