Bitcoin Whale’s $160 Million Short Sparks Insider Suspicion

A prominent cryptocurrency trader, operating through Hyperliquid, has taken a large leveraged short position on Bitcoin (BTC) worth over $160 million. This position, opened with over $16 million in margin, comes just days after the same account reportedly made $150 million from similar trades. Analysis suggests this new trade is already up by more than $3.4 million in unrealized profit and carries a liquidation price set at $123,520, right below Bitcoin’s recent all-time high of $126,198 reached on October 7th. Bitcoin currently trades near $115,000 with a daily trading volume of $91.8 billion, up 2.45% in the last 24 hours as per CoinMarketCap data.