The Hyperliquid whale short is an aggressive 10x Bitcoin short now valued at roughly $496 million, with a liquidation price near $124,270, according to Hypurrscan data. The position doubles down on prior bets and has reignited block‑level sleuthing and debate over possible insider activity.
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Whale position: ~$496M 10x BTC short with $124,270 liquidation price (Hypurrscan)
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Whale activity follows an earlier $192M profit and $900M of shorts opened across BTC and ETH.
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Blockchain researchers Eye and ZachXBT, and public posts by Garrett Jin and CZ, have driven identity speculation.
Hyperliquid whale short: insider doubles down with $496M 10x Bitcoin short, liquidation at $124,270 per Hypurrscan — analysis by COINOTAG, full timeline and data.
Published: 2025-10-14 | Updated: 2025-10-14 | Author: COINOTAG
What is the Hyperliquid whale short?
The Hyperliquid whale short is a concentrated leveraged position on Bitcoin executed through Hyperliquid derivatives, currently valued at about $496 million at 10x leverage, with a reported liquidation price of $124,270. Hypurrscan block‑explorer data shows the position was built over the past two days and follows prior large short activity from the same wallet.
How was the position built and what does the data show?
Hypurrscan transaction and position logs indicate the wallet opened an initial short and rapidly increased exposure: an earlier $163 million starter grew into the current ~$496 million position at 10x leverage. Public on‑chain records also show prior activity by the same wallet, including a $192 million profit from shorting a recent market fall and earlier large holdings estimated at $11 billion in BTC on‑chain. The same wallet was reportedly linked to $900 million of shorts across BTC and Ether in the preceding week, per blockchain-sleuth reporting and public threads.
Mysterious whale doubling down on their Bitcoin short. Source: Hypurrscan
Who is this infamous whale?
No definitive identity has been confirmed. Blockchain researchers have explored ownership clues in transaction patterns and public postings. Early attribution from researcher Eye pointed toward Garrett Jin, former BitForex CEO; other sleuths including ZachXBT later suggested the wallet may belong to an associate rather than Jin himself. Public commentary from Garrett Jin included a direct response to Binance CEO CZ on X, stating: “@cz_binance, thanks for sharing my personal and private information. To clarify, I have no connection with the Trump family or @DonaldJTrumpJr — this isn’t insider trading.” Jin later added: “the fund isn’t mine — it’s my clients’. We run nodes and provide in‑house insights for them.” These posts are part of the public record and have been cited by multiple on‑chain researchers.
Why the timing raised insider‑trading concerns?
The timing is notable because the wallet opened a significant short within an hour before a high‑profile tariff announcement by the US President, which coincided with a sharp market decline. That sequence prompted the on‑chain community to label the account the “insider whale.” Analysts and researchers cite timing and pattern analysis as reasons for scrutiny, though no regulatory finding of insider trading has been announced. Sources: Hypurrscan data, public X posts by Garrett Jin, commentary by blockchain researchers Eye and ZachXBT, and statements by CZ (Binance CEO), cited here as plain text.
Frequently Asked Questions
How large is the Hyperliquid whale’s short position and what leverage is being used?
The position is reported at approximately $496 million using 10x leverage, with Hypurrscan showing a liquidation threshold near $124,270. The wallet previously opened and profited from large shorts, including a reported $192 million gain during the market move tied to the tariff announcement.
Could this activity indicate coordinated insider trading?
On‑chain timing and rapid accumulation can raise red flags, but blockchain data alone does not prove insider trading. Public posts and sleuthing have produced competing hypotheses. Regulatory determination would require off‑chain evidence beyond transaction timing. This explanation is designed to be clear when read aloud by voice assistants.
Key Takeaways
- Position scale: The whale’s short is roughly $496M at 10x leverage, per Hypurrscan, making it one of the largest recent single-wallet leveraged bets on BTC.
- Identity uncertain: Blockchain sleuths have suggested Garrett Jin or associates, but ownership remains unconfirmed; public X posts by Jin are part of the record.
- Market impact & monitoring: Large concentrated shorts can amplify market moves if liquidated; traders and risk teams should monitor Hypurrscan and on‑chain indicators for position changes.
Conclusion
The Hyperliquid whale short represents a sizable, highly leveraged wager against Bitcoin that has drawn intense on‑chain scrutiny and public debate. Hypurrscan transaction records, public posts from Garrett Jin, and commentary from researchers Eye and ZachXBT provide the factual backbone of reporting; no regulatory finding of wrongdoing has been made. COINOTAG will continue to monitor position changes, on‑chain signals, and public disclosures and will publish updates as verified data emerges. For the latest updates, follow COINOTAG coverage and on‑chain reporting.
