Bitcoin Whale Man Gain $80M Short for Hyperliquid During BTC Slow Down
One Bitcoin whale wey na former BitForex CEO Garrett Jin, wey dey control pass 100,000 BTC, open $1.1 billion BTC futures shorts for Hyperliquid during one global Bitcoin sell-off, collect $80 million profit. From August go September, the whale sell 35,000 BTC for $4.23 billion ETH, then e stake 570,000 ETH. The trade dem wey connect to ENS name garrettjin.eth and X handle @GarrettBullish, push Hyperliquid volumes up 300% and cause mass liquidations among copy traders. Analysts warn say BTC funds fit come from many sources. Because of this, Hong Kong and Singapore regulators don tighten monitoring for big on-chain transfers and update exchange risk controls. Jin still hold about 46,000 BTC. The actions of the Bitcoin whale show how whale positioning fit affect market and also raise question about blockchain transparency and power concentration.
Bearish
Di whale get big big BTC futures short and make $80 million profit wen worldwide Bitcoin fall dey show say market dey strong bearish. The 300% volume rise for Hyperliquid and many liquidation dem show say volatility high and e go pressure price down short term. As Hong Kong and Singapore come tighten regulation, e fit reduce how much leverage people fit use. Even though big holders still get well-well BTC reserve, the immediate effect of concentrated short positioning dey usually weigh market stability and price recovery down.