Insider Whale Closes $500M Bitcoin Short on Hyperliquid, Nets $5M After October 10 Crash

COINOTAG News and MLM Monitor report that the market participant labelled the “Insider Whale” has fully closed a $500 million Bitcoin short position on Hyperliquid within a two‑hour window on October 15, realizing an estimated $5 million profit since the October 10 market crash. The report frames the transaction as an executed deleveraging event documented by on‑chain and exchange data, with figures presented as sourced metrics rather than market forecasts.

The orderly exit reduces concentrated short exposure on the platform and offers a concrete data point for analysts monitoring post‑crash risk management and liquidity dynamics. Market participants should treat the disclosure as a confirmed trade report from COINOTAG and MLM Monitor, useful for position‑level analysis but not indicative of broader price direction.