Hyperliquid Whale, a famous but anonymous trader, made a huge bet on Bitcoin.

Actually, Whale made a huge bet on the fall of Bitcoin.

Whale opened a $430 million short position with 40X leverage, and then added another $100 million.

After that, people began asking two questions.

One, what does this person know that we don't? But two, maybe this is just some sort of convoluted strategy because of course this person knows we can see them.

A popular trader and analyst known as Martini Guy, says the whale might be holding even larger positions on centralised exchanges that users can’t see.

"The huge whale that keeps trading on Hyperliquid knows you can see his trades and liquidation price He knows a bunch of people will buy to try and liquidate him I would expect he has a much larger long position on the exchanges that you cant see Whales arn’t [sic] dumb," he wrote.

And you? Are you shorting BTC?

Image by Hypurrscan