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A trader with a history of high-stakes bets against Bitcoin has returned with another large short position.<\/p>\n
Meanwhile, this move has raised concerns in the crypto space due to the timing and size of the trade, as well as past profits linked to market events.<\/p>\n
Financial analyst Jacob King reported that a whale known for shorting Bitcoin ahead of the last major drop has increased their short exposure by 140%, bringing the position to $392 million. The trader had previously taken a similar position before last week’s steep market crash<\/a> and walked away with substantial profits.<\/p>\n JUST IN: Insider Bitcoin Whale who shorted the last crash, has boosted their short bet by a whopping 140%, slamming down a staggering $392 million wager that BTC will tank.<\/p>\n Bitcoin crash 2.0 incoming! pic.twitter.com\/ZwFOmp67nb<\/a><\/p>\n \u2014 Jacob King (@JacobKinge) October 14, 2025<\/a><\/p>\n<\/blockquote>\n Arkham Intelligence described<\/a> the same wallet as the \u201cTrump Insider Whale<\/em>.\u201d It shorted $700 million in BTC and $350 million in ETH hours before last Friday\u2019s market crash, reportedly earning around $200 million.<\/p>\n The wallet has since added another $127 million in BTC shorts, after depositing $40 million USDC to the Hyperliquid platform. The total active BTC short is now close to $300 million.<\/p>\n According to StarPlatinum, wallet address 0xb317… controls more than $10 billion in assets, including over 46,000 BTC and a large amount of staked ETH. The wallet opened a large short position just half an hour before the Trump tariff announcement on October 10, then closed with a reported $192 million profit. The activity has drawn attention due to the timing and size of the trades.<\/p>\n This is the most dangerous address in crypto right now:<\/p>\n 0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae<\/p>\n It deposited $40M USDC on October 13 and opened aggressive BTC shorts worth $343.6M<\/p>\n (around 3,000 BTC at 10x leverage)<\/p>\n This wallet belongs to a whale that controls over $10B in\u2026 pic.twitter.com\/ePIwwWsNQA<\/a><\/p>\n \u2014 StarPlatinum (@StarPlatinumSOL) October 13, 2025<\/a><\/p>\n<\/blockquote>\n Domain records link the address to \u201cgarrettjin.eth<\/em>,\u201d which may be tied to former BitForex CEO Garrett Jin. Jin has denied any connection to the wallet. Still, the pattern appears consistent: large USDC deposits, shorts opened just before news breaks, and funds withdrawn after the price move.<\/p>\n Some traders believe the timing is too precise to be random. EGRAG CRYPTO responded to the Arkham report, writing<\/a>,<\/p>\n \u201cIf this whale makes money from this trade based on Trump announcement in the next hours or days, then he should be investigated.\u201d<\/p>\n<\/blockquote>\n Others echoed similar concerns, suggesting this may go beyond normal trading strategy.<\/p>\n Janis Kluge, a researcher at SWP Berlin, added<\/a>,<\/p>\n \u201cCrypto people are realizing today what it means to have unregulated markets: Insider trading, corruption, crime, and zero accountability.\u201d<\/p>\n<\/blockquote>\n Following the crash, over 250 wallets on Hyperliquid reportedly<\/a> lost millionaire status. Another trader reportedly opened a 40x long position on Bitcoin during the same period.<\/p>\n Binance, which was also mentioned in market rumors, denied any technical failure during the event and called the incident a \u201cdisplay issue<\/em>.\u201d As we reported<\/a>, the platform said all core systems stayed online and confirmed $283 million in user compensation.<\/p>\n The post Massive Bitcoin Short From ‘Insider’ Whale Sparks Fears of Market Crash 2.0<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
Wallet Linked to Billions in Crypto<\/h2>\n
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Community Raises Questions Over Timing<\/h2>\n
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