Crypto Markets Reel as Trader’s Uncanny Timing Sparks Frenzy - 9% BNB Surge Signals Major Shift

Timing is everything in crypto—and one trader just proved it with surgical precision.

The Unstoppable Rise

Binance Coin rockets 9% as institutional players circle like sharks smelling blood in the water. China Renaissance's $600M treasury move isn't just smart—it's a declaration of war on traditional finance skeptics.

Resistance Meets Reality

Bonk's POC resistance wall stands firm while volume craters—classic crypto drama playing out in real-time. Meanwhile, Bitcoin and Ethereum shake off weekend jitters like yesterday's news, proving once again that crypto winters always give way to spring.

Presale hunters are circling the next big thing while Wall Street still tries to figure out blockchain basics. Because nothing says 'financial revolution' like watching billion-dollar funds play catch-up with anonymous Twitter traders.

In brief

• An anonymous trader on Hyperliquid made over 150 million dollars in gains by betting against the market just before a major political announcement.
• The short positions were opened one minute before Donald Trump’s tweet on new Chinese tariffs, causing a market collapse.
• The crypto community questions the extremely precise timing of these operations and the possibility of early access to information.
• A few days after this first move, the same trader opened a new short position of 160 million dollars, still on Bitcoin.

A lucrative maneuver against the backdrop of a crypto crash

On Friday evening, barely a minute before Donald Trump posted a message on X (formerly Twitter) announcing the imposition of new 100% tariffs on Chinese imports, a Hyperliquid account opened two huge short positions on Bitcoin and Ethereum.

Analyst Specter indicates that this trader invested 80 million dollars on BTC and 30 million on ETH, betting against the market while the majority of players were taking long positions. This initiative preceded Trump’s tweet by exactly one minute, triggering a sharp crypto market drop.

On October 10, 0x757f88 on Arbitrum received $363.8M USDC from Hyperliquid in 38 txs, then transferred it to 0x4f9a3.

0x4f9a3 sent $80M to the wallet that shorted BTC
and $30M to the wallet that shorted ETH pic.twitter.com/YbCZUImsA3

The HyperLiquid whale shorting BTC/ETH yesterday was placing shorts up till exactly 1 minute before TRUMP threatened tariffs against China.

The last short was placed at 20:49 GMT. Trump tweeted at 20:50 GMT.

What incredible "luck" pic.twitter.com/mIaExXGT62

Data from HypurrScan show that this operation generated colossal gains, estimated at nearly 158 million dollars. This spectacular success occurred while the majority of investors suffered significant losses, especially on long positions. Here are the key factual elements of this sequence:

• The timing of the trade: short positions opened 1 minute before Trump’s tweet announcing the new taxes;

• The amounts involved: $80M on BTC, $30M on ETH;

• The immediate consequence: a crash causing massive liquidations on centralized and decentralized platforms, including Hyperliquid;

• The profit made: nearly $158M in combined gains on the two positions.

The synchronized nature of this operation with the US political announcement, coupled with the magnitude of the amounts involved, instantly captured observers’ attention. However, no formal evidence of privileged access to information has been presented at this stage.

A new short position of $160M and speculation about Garrett Jin

A few days after this first high-profile move, the same trader opened a new short position on Bitcoin. The wallet involved injected 16 million dollars in collateral, using 10x leverage to reach a notional exposure of 160 million dollars.

Entry into the market was made at a price of $117,370, with a liquidation price set at $123,500, which is below the previous ATH of $126,080. Thus, the position is in latent profit of over 4 million dollars, while bitcoin trades around $114,711. This new move reignites questions about the trader’s intentions and his level of information on macroeconomic or political dynamics.

Alongside this second operation, some on-chain analysts tried to identify the author of these spectacular bets. Analyst Eye mentions a connection between the crypto wallet used for the positions and Garrett Jin, former CEO of the now-defunct BitForex platform.

5/ Analyzing the address of the whale who opened the $735M BTC short (0xb317D2BC2D3d2Df5Fa441B5bAE0AB9d8b07283ae), it's noted that it received funds for fees from wallet 0x52d361A5f9eB03868a4CBF0e6c6Db8EDAb6163E1. Shortly before sending these fees, wallet 0x52d3 deposited $4.1M… pic.twitter.com/jnwG2XbxEt

According to Eye, an address that interacted with the whale’s wallet transferred 40,000 USDT to an ENS wallet named “ereignis.eth”, also associated with the name “garrettjin.eth”. However, these hypotheses have been largely downplayed by other experts.

This is not new information as @emmettgallic already revealed the transfer from the HL whale to Garrett Jin two days ago.

The only direct connection is a 40K USDT transfer and everything else in this post is unconfirmed theories.

It seems more likely to be a friend of Jin. pic.twitter.com/7f9Tzg9aU1

Garrett Jin’s name also appeared on Polymarket, in connection with a bet on a possible presidential pardon by Donald Trump of Changpeng Zhao (CZ), former CEO of Binance. According to Emmett Gallic, an analyst active on X, Jin holds $40,000 worth of shares on this prediction, whose value recently jumped 39%, generating a latent gain of $11,136.

The current position, opened in a climate of heightened distrust, could also have Ripple effects. If the bearish bet continues to generate profits, it could encourage other crypto traders to adopt a similar stance, increasing pressure on the Bitcoin price.

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