Key Takeaways:
- A trader known as 0xb317 opened a $163M short on Bitcoin after profiting $192M from a previous timely short before Trump’s tariff announcement.
- The trade triggered insider trading speculation as over 250 wallets lost millionaire status during the crash.
- Binance denied platform failure claims but offered $283M in compensation and saw its BNB token surge 14%.
A crypto trader known by the wallet address 0xb317 has resurfaced with another massive short position on the Hyperliquid decentralized derivatives exchange, following a previous trade that earned $192 million just before President Trump’s tariff announcement.
On Sunday, the trader opened a $163 million Bitcoin short at 10x leverage, now showing $3.5 million in profit but facing liquidation if BTC hits $125,500.
JUST IN: The whale trader (0xb317) who made $192M shorting the crypto crash is doing it again. pic.twitter.com/Drd0yX0MMf
— Cryptopolitan (@CPOfficialtx) October 13, 2025
The near-perfect timing of the trades has fueled speculation that the trader is an “insider whale” possibly influencing market movements.
Observers noted the trader also opened large short positions in ETH minutes before last week’s market cascade, which erased several millionaires on the platform.
The crash renewed concerns about manipulation, transparency issues, and the risks of unregulated markets.
Meanwhile, Binance faced accusations of contributing to the chaos after tokens appeared to crash to $0.
The exchange denied system failures, citing a display bug, and offered $283 million in compensation to affected users.
Despite the turmoil, BNB rebounded 14%, climbing back above $1,300.
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