An anonymous cryptocurrency trader on Hyperliquid has dramatically increased their short position against Bitcoin, nearly tripling it to $500 million in just two days following a significant market crash. The trader, dubbed the ‘insider whale’ by crypto community members, opened their initial short position less than an hour before President Trump announced new tariffs on Friday. This aggressive move has raised eyebrows about potential access to inside information. 10x leverage amplifies both potential gains and losses, with the position worth $500 million but requiring Bitcoin to reach a threshold price of $124,270 to trigger liquidation. 2 months prior, this trader was linked to a massive $11 billion Bitcoin portfolio by blockchain investigators who noted a significant increase in short positions for both Bitcoin and Ether after last week’s market crash. However, the trader has been accused of insider trading due to their timing coinciding with Trump’s tariff announcement. While the identity of the whale remains unclear, crypto community members and researchers have connected the wallet to former BitForex CEO Garrett Jin. Jin maintains that these funds belong to his clients who use the wallet for nodes and in-house research services. 10x leverage amplifies gains but exposes them to potential losses if Bitcoin price moves against their position.