Crypto whale bets on Bitcoin rise after making $192 million before market crash
One of the most famous "crypto whales" has returned to the arena again, after making huge profits exceeding $192 million from betting on Bitcoin's decline, just minutes before U.S. President Donald Trump's statements about imposing a 100% tariff on China, which triggered a sharp drop in the markets.
According to data from the Hyperliquid platform, the whale known by wallet address (0xb317) has reopened a new trading position, but this time betting on the rise of Bitcoin, through a perpetual contract with a leverage value of 163 million dollars.
Platform data shows that the current leverage value is approximately 3.5 million dollars in unrealized profits, but the position will be liquidated if the price of Bitcoin reaches 125 thousand dollars, indicating that the trader expects a strong recovery of the cryptocurrency in the upcoming period.
The crypto community describes this investor as an "internal whale", due to the precise timing of their trades which often coincide with major economic announcements or events, raising questions about their knowledge of market movements before they occur.
In a recent report, HyperTracker noted that more than 250 wallets lost their "millionaire" status on the Hyperliquid platform since the collapse last Friday, following Trump's statements and renewed fears of a new trade war between Washington and Beijing.
Despite those losses, the return of the whale (0xb317) to open large buying positions has restored hope among investors for the return of positive momentum in the cryptocurrency market led by
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