TLDR:The $10B whale holds $5B in BTC and $5B in ETH while increasing BTC short positions.Hyperliquid BTC short now totals $735M, with profits surpassing $12M, data shows.The whale used $80M USDC and 5x leverage to open a $420M BTC short.Transfers to Binance hint at additional short positions and market activity by the whale.The crypto market is drawing attention after a whale with over $10 billion in assets reportedly increased its short position on Bitcoin. This move has already generated more than $12 million in profits. The whale, known for holding roughly $5 billion each in Bitcoin and Ethereum, leveraged the platform Hyperliquid to open a $735 million short. Observers are now questioning whether the trader anticipated a larger market drop. Recent tweets from Arkham highlighted the activity, signaling high-stakes trading.According to Arkham, the whale also deposited $80 million in USDC and applied five times leverage to short $420 million of Bitcoin. The strategy involved sending $50 million to Binance, suggesting similar positions may be established there. Analysts tracking on-chain data are watching the whale’s addresses closely. The movements highlight how a single large holder can influence sentiment and trading flows in the crypto market.Hyperunit Whale Boosts Bitcoin Short to $735MArkham reports that the whale has increased the Hyperliquid short from earlier positions, now totaling $735 million.The platform allows leveraged positions, amplifying potential profits and risks. The whale’s current gain exceeds $12 million, reflecting the scale of exposure. Market participants note that such concentrated activity can affect Bitcoin’s short-term price movements.The whale’s address, publicly visible as 0xb317D2BC2D3d2Df5Fa441B5bAE0AB9d8b07283ae, shows consistent large transfers between exchanges. These transactions include movements to centralized platforms like Binance, likely for further trading activity. On-chain analysts say these patterns often signal strategic market plays rather than casual trades. The size of the short indicates the whale may expect downward pressure on BTC price in the near term.THE $10B HYPERUNIT WHALE IS UP OVER $12M SHORTING $700M $BTCThe ancient BTC whale holding over $5B of BTC and $5B ETH has increased his BTC short on Hyperliquid to $735M. He is now up over $12M.What did he know?Address: 0xb317D2BC2D3d2Df5Fa441B5bAE0AB9d8b07283ae https://t.co/KDPrn8RMy0 pic.twitter.com/aM33NPrbu2— Arkham (@arkham) October 10, 2025Strategic Moves Suggest Anticipation of Price DropBy leveraging USDC deposits and opening substantial short positions, the whale positions for a potential Bitcoin correction. Arkham notes the initial $420 million short came from $80 million in collateral, showing high leverage usage. The repeated trades across platforms suggest a coordinated approach to risk management and profit maximization.Crypto investors are tracking the whale’s moves closely, as large shorts can temporarily affect market liquidity. Hyperliquid users might see increased volatility in BTC trading during these periods. The data also underscores the influence of major holders in crypto markets, particularly when executing high-volume short strategies. Arkham’s tweets provide real-time insights, helping traders understand whale behavior and market dynamics.The post Hyperunit Whale Profits $12M Betting on $700M Bitcoin Short: Further Market Drop Imminent? appeared first on Blockonomi.