Whale on Hyperliquid was playing a $163M short on BTC — and the crypto community is already guessing

A trader with the address 0xb317 became an internet hero after opening a short position on Bitcoin worth $163 million on the decentralized platform Hyperliquid.

Here's what happened:

The boy leveraged 10x at an entry price of $117,370 with a liquidation at $123,500. At the time of writing, the unrealized profit exceeded $4 million.

Funny detail? Previously, this same whale earned $192 million by shorting BTC and ETH during the crash from geopolitical events ( and Trump's announcement of 100% tariffs on China). And the timing of his trades was so precise that the crypto community immediately speculated: it's either insider knowledge or the luckiest guy in the world.

Why Hyperliquid attracts such players:

• Wild liquidity - even for $100M deals, the slippage is minimal.
• Transparent order book - all activity is visible
• Speed without censorship - no brakes from the platform
• Automatic leverage reduction (ADL) — a risk management system, but during crashes it liquidated $1.2 billion of traders' capital.

And who is he anyway?

Blockchain analysts have linked the wallet to Garrett Jin, the former CEO of the bankrupt exchange BitForex. But there is no evidence — it's just rumors that the crypto community is actively chewing on.

Great discussion:

Isn't it amazing when one guy with 10x leverage can break the whole market? Critics say that retail traders suffer disproportionately — small wallets get liquidated for cents, while whales make millions on insider trading.

And from: let's check what will happen next. 👀