TRADER WHO MADE $192M SHORTING THE CRASH IS SHORT AGAIN

Summary from the TLDR Crypto newsletter

The wallet identified as 0xb317 on Hyperliquid has opened a new $163 million short position on Bitcoin with 10x leverage and $125,500 liquidation level, already showing $3.5 million profit as the same trader who gained nearly $200 million by shorting 30 minutes before Trump's surprise 100% China tariff announcement that triggered the largest-ever crypto liquidation day. The perfectly timed initial bet sparked widespread speculation about insider knowledge and earned the address the "insider whale" designation from onchain analysts, with some arguing the position itself accelerated the crash that erased over $19 billion in crypto market value. Hyperliquid's Auto-Deleveraging mechanism hit over 6,000 wallets and wiped $1.2 billion in trader capital during the weekend flush, forcibly closing profitable positions to cover losses from bankrupt accounts and preventing bad debt but potentially worsening selloffs as the safety mechanism rebalances the system.