A prominent crypto derivatives trader, known as ‘0xb317’ on the Hyperliquid exchange, has doubled down on bearish bets, opening a significant short position in Bitcoin (BTC). This follows their previous successful $192 million shorting maneuver that took advantage of market fluctuations just hours before a major tariff announcement. The latest move, worth $163 million and utilizing 10x leverage, could result in substantial gains but also comes with the risk of liquidation if BTC reaches a certain price point. The trader has drawn attention from crypto enthusiasts for their uncanny timing on short trades, often opening positions just before significant market events like this weekend’s crash.