Alleged ‘Trump Insider Whale’ Denies Insider Trading, Opens New $340 Million Bitcoin Short
The post Alleged ‘Trump Insider Whale’ Denies Insider Trading, Opens New $340 Million Bitcoin Short appeared on BitcoinEthereumNews.com.
In brief A whale trading on Hyperliquid that made millions shorting BTC and ETH last week is now shorting Bitcoin again. The trader added $40 million USDC to Hyperliquid on Monday, using it to short Bitcoin with 10x leverage. The open position is currently yielding around $700,000 in unrealized profits. A whale that earned close to $200 million by shorting Bitcoin and Ethereum prior to Trump’s tariff announcement on Friday—which helped lead to a record $19 billion in crypto liquidations—has taken another stand against the top crypto asset. And while the wallet owner has been accused of being a “Trump insider,” the person purportedly behind it insists that there’s no connection to the First Family. The Ethereum address ending in “7283ae” deposited $40 million in USDC to perpetuals trading platform and decentralized exchange Hyperliquid on Monday morning, according to data from Hyperliquid block explorer HypurrScan. Shortly thereafter, the account began building a 10x short position in Bitcoin valued around $340 million. In other words, the account holder is betting on the price of Bitcoin to go down, and using 10x leverage to increase the size of their bet without needing to commit the full $340 million principal. BREAKING: TRUMP INSIDER WHALE IS NOW SHORT $340M $BTC The HyperUnit Bear Whale who shorted $700M of $BTC and $350M of $ETH right before Friday’s market crash (making ~$200M total) just deposited $40M USDC to HL and shorted another $127M $BTC. He is now short $300M $BTC and has… pic.twitter.com/b2rpzmkofZ — Arkham (@arkham) October 13, 2025 Based on 7283ae’s entry price of $116,009, the account has already amassed more than $700,000 in unrealized profits. The entire position will be liquidated, wiping out the principal and gains, if Bitcoin reaches a new all-time high of $130,460. Crypto researchers have pointed to the uncanny timing…
Filed under: News - @ October 13, 2025 11:27 pm