The trader, referred to by netizens as having "inside information," opened a 40X leveraged short position on $BTC at a price of $84,018.8 on hyperliquid, with a liquidation price of $85,506, currently showing an unrealized loss of about 5 million.

This trader's previous series of operations were too successful. When the market consensus generally believes that this trader has insider information, it can lead other traders in the market to follow suit, further triggering a resonance in the market.

As it stands, following their operations without greed can yield some profit, but once the secret becomes a public consensus, it may fail.