Crypto Whale’s $420 Million Short Bet Sparks Market Uncertainty

A significant figure in the cryptocurrency world has taken a bold gamble by shorting $420 million worth of Bitcoin (BTC) on Hyperliquid. This massive trade, reported by blockchain data platform Arkham, coincides with BTC hitting a record high of $126,198 on October 6, 2025. The whale’s decision to leverage their position through a $80 million USDC margin and a 6x leverage suggests they expect the price of Bitcoin to decline significantly in the coming days.