Whale Doubles Down on Short Bets, Opens $163M BTC Position with 10X Leverage

A crypto whale who capitalized on a recent market crash to amass millions through a short position is now doubling down with another massive leveraged bet. According to data from Hyperliquid, the trader associated with address ‘0xb317’ has opened a $163 million leveraged perpetual contract for shorting Bitcoin. This move follows the whale’s previously successful short strategy during the recent crypto flash crash, where they achieved significant profits after markets plummeted.