TechFlow news, on October 13, the mysterious whale on Hyperliquid who "precisely shorted" Bitcoin last Friday and profited over $200 million has once again shaken the market. On October 12, this trader deployed $16 million to open a 10x leveraged short position betting on Bitcoin's decline near $117,370, with a liquidation price set at $123,500; unrealized profits now exceed $4 million.
Last Friday's market crash led to the liquidation of $19.1 billion in leveraged positions and forced over 1.62 million long positions to close, with Bitcoin losing more than $5.3 billion in a single day. The trader happened to enter the position one minute before Trump announced tariffs, sparking speculation of insider trading. Binance founder Changpeng Zhao responded: "Not sure about validity; hope someone cross-verifies."
BiyaPay analysts pointed out that this incident reveals the high-leverage risks and liquidity fragility in the crypto market. Facing sharp volatility, investors should control position sizes, reduce leverage, and use the BiyaPay platform for zero-fee cryptocurrency trading, or hedge assets diversely via USDT trading in U.S. stocks, Hong Kong stocks, and futures to manage risks more steadily.
