Hyperliquid Whale Escalates Bitcoin Short to $496M at 10x Leverage

Tatevik Avetisyan
By Tatevik Avetisyan 5 Min Read
Hyperliquid Whale Escalates Bitcoin Short to $496M at 10x Leverage

The Hyperliquid whale lifted a Bitcoin short to about $496 million. The position runs at 10x leverage, based on Hypurrscan data. The block explorer lists the address and live metrics.

Hyperliquid Whale BTC Short. Source: Hypurrscan
Hyperliquid Whale BTC Short. Source:Hypurrscan

Yesterday, the same address showed a $163 million short. Today, the Bitcoin short totals close to $496 million. The jump came within roughly two days, according to the block explorer view.

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Earlier, the wallet realized about $192 million during the market crash. Community trackers kept the Hyperliquid whale under watch. The data points remained public on Hypurrscan.

Hypurrscan shows 10x leverage and a liquidation price near $124,270

The Hypurrscan page lists leverage, size, and liquidation price. It shows 10x leverage on the Bitcoin short. It also displays a liquidation price near $124,270.

At the time referenced, BTC traded around $112,609. The distance to the liquidation price appears limited. The block explorer provides the exact levels in real time.

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The Bitcoin short remains tied to a single address. This link lets users trace changes in size. It also lets users compare older entries with the current 10x leverage stance.

“Insider whale” tag follows timing around Trump tariffs

Posts noted a short entry less than an hour before the Trump tariffs announcement. After the news, markets fell. The timing fueled the “insider whale” label across threads.

Screens from Hypurrscan documented the short before and after the headline. Users matched timestamps against the Trump tariffs news. The public trail kept the Hyperliquid whale visible.

The label does not confirm identity. It reflects the sequence and public numbers. The Bitcoin short details remained sourced to the block explorer.

Garrett Jin, BitForex, CZ, and ZachXBT enter the insider whale debate

Over the weekend, a researcher known as Eye linked the address to Garrett Jin, former BitForex chief. CZ reposted the thread on X and asked for checks. The post amplified the insider whale discussion.

Later, ZachXBT suggested the wallet could belong to a friend of Garrett Jin. That input adjusted the claim. It did not change the focus on the active Bitcoin short.

Garrett Jin replied on X and addressed CZ.

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“@cz_binance, thanks for sharing my personal and private information. To clarify, I have no connection with the Trump family or @DonaldJTrumpJr — this isn’t insider trading,”

he wrote.

Garrett Jin X Post. Source: X (@GarrettBullish)
Garrett Jin X Post. Source: X (@GarrettBullish)

Garrett Jin adds a note on clients’ funds and node operations

Less than 20 minutes later, Garrett Jin posted again. He said the fund does not belong to him. Jin described client activity and internal work.

“The fund isn’t mine — it’s my clients’. We run nodes and provide in-house insights for them,”

he wrote. The quotes remained public on X.

These X posts sit alongside the Hypurrscan records. Together, they frame identity claims and live Bitcoin short data. Neither post changes the block explorer numbers.

Prior activity: $900M shorts on BTC and ETH, plus an $11B figure cited

Trackers earlier logged about $900 million in shorts across BTC and ETH. Community posts also cited an $11 billion BTC figure connected to the wallet. Those numbers kept attention on the Hyperliquid whale.

The recent $192 million realized gain came during the sharp drawdown. After that, the address scaled the Bitcoin short to nearly $496 million. The 10x leverage setting and liquidation price near $124,270 remain central.

All position details stem from Hypurrscan. The block explorer continues to show size, leverage, and liquidation price. Names and quotes appear on X posts from Garrett Jin, CZ, and ZachXBT.

Tatevik Crypto Journalist CoinChapter

Tatevik Avetisyan

Tatev Avetisyan is a Markets Writer and Analyst at CoinChapter, covering cryptocurrency markets, policy, and regulation. With over seven years of experience in business and marketing development, she has spent the past two years specializing in digital assets and has authored more than 2,000 articles on crypto markets and regulatory developments. She contributes as a guest writer to leading industry publications and is a prominent Web3 advocate in Armenia through Web3Armenia. Her work reflects a broader focus on artificial intelligence and Web3 technologies. Tatev maintains a diversified crypto portfolio, with Bitcoin as her primary holding above CoinChapter’s $1,000 disclosure threshold.