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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
10/13/2025

"Insider Whale" Trader Returns: Betting Hundreds of Millions on Another Bitcoin Crash

An anonymous trader has shaken the crypto community again by opening another massive short position after already pocketing $192 million in profit from last weekend's market crash. According to data from the decentralized derivatives exchange Hyperliquid, wallet 0xb317 — dubbed the "insider whale" — opened a fresh $163 million Bitcoin short with 10x leverage on Sunday. The position is currently up about $3.5 million, but faces liquidation if BTC hits $125,500. Just 30 minutes before former President Donald Trump announced new tariff polic

"Insider Whale" Trader Returns: Betting Hundreds of Millions on Another Bitcoin Crash

An anonymous trader has shaken the crypto community again by opening another massive short position after already pocketing $192 million in profit from last weekend's market crash.

According to data from the decentralized derivatives exchange Hyperliquid, wallet 0xb317 — dubbed the "insider whale" — opened a fresh $163 million Bitcoin short with 10x leverage on Sunday. The position is currently up about $3.5 million, but faces liquidation if BTC hits $125,500.

Earlier, just 30 minutes before former President Donald Trump announced new tariff policies, this whale opened a massive short position that coincided perfectly with a sharp market collapse — netting him nearly $192 million in profit.

Insider Trading Suspicions

The crypto community quickly raised suspicions of insider trading, as wallet 0xb317's entry timing lined up "suspiciously" with major macro developments. Some have argued that this whale's short positions actually helped trigger a cascade of mass liquidations across the market.

"I'm pretty sure he played a big role in the crash," commented an observer going by "MLM." "He shorted hundreds of millions in BTC and ETH just minutes before the market fell apart."

According to tracking platform HyperTracker, more than 250 wallets lost millionaire status on Hyperliquid since the crash unfolded on Friday.

Binance Denies Involvement

Some rumors also pointed to Binance — the world's largest exchange — as a possible contributor to the collapse, with claims that issues with the exchange's order book and market makers caused stop-loss orders to fail and triggered widespread liquidations.

Binance quickly pushed back, calling the incident a "display error" and asserting that its spot, futures, and API trading systems had continued operating normally throughout.

Nevertheless, the exchange still paid out roughly $283 million in compensation to users affected when collateral assets including USDE, BNSOL, and WBETH depegged.

BNB Stages Strong Recovery

Following the incident, Binance's native token BNB rebounded 14% within 24 hours, climbing back above $1,300 — a sign that market sentiment has partially stabilized.

Meanwhile, investors continue to watch wallet 0xb317 closely — the "insider whale" who has emerged as the central figure in last week's crypto story of leverage, insider information, and a historic market crash.