"Insider Guy" Opened a Position of $450 Million with 40x Leverage: A Whale's Open Short Position Triggered a Collective Hunt by Industry Influencers!

Recently, there has been another stir in the cryptocurrency market. A mysterious trader known as "Insider Guy" opened a short position of $450 million in Bitcoin with 40x leverage, attracting the passionate attention of the entire industry.

On the afteroon of March 16, Eastern Time in the United States, a trader named 0xf3f successively invested over ten million dollars to short Bitcoin with 40x leverage.

As of now, the scale of this trader's short position in Bitcoin has reached $450 million, equivalent to 5,410 Bitcoins. The entry price of his Bitcoin short position is $83,923, and the liquidation price is $85,936. The cumulative unrealized profit has reached as high as $3.4 million.

He has set two take-profit points (Take Profit): the first target price is $69,414, and the second target price is $58,664.

In addition to Bitcoin, this trader also simultaneously went long on the meme coin Melania Coin, which is a token based on the personal image of the former First Lady of the United States, Melania Trump, with 5x leverage. The trading volume is around $2.4 million, and the current unrealized profit is approximately $45,000.

This strategy has attracted great attention in the market, highlighting the short-term bearish attitude of Bitcoin whales towards the price of Bitcoin. At least, this large cryptocurrency trader is very confident that the price of Bitcoin will remain below $84,000.

It is worth noting that this trader is not a novice in the market. According to reports, he once made a profit of $16.39 million in a month on Hyperliquid. The title of "Insider Guy" is not groundless. He is active on the decentralized derivatives trading platform Hyperliquid and is well-known in the cryptocurrency circle for his high leverage, precise trading operations, and high profits.

According to on-chain data and community discussions, the trading records of this whale can be regarded as textbook-level. Here are some of his classic operations this year:

February 2025: Killing Both Bulls and Bears in a Volatile Market
During the period of intense volatility when the price of Bitcoin dropped below $83,000, "Insider Guy" opened a position on Hyperliquid with 50x leverage and accurately captured the short-term rebound and decline trends. According to statistics, through three operations, he accumulated a profit of nearly ten million dollars, astonishing the community. At that time, some retail investors regarded him as an "order-opening indicator" and even tried to copy his trades to make profits.
Early March 2025: A Quick Comeback After a Loss on a Long Position of LINK
According to the monitoring by on-chain analyst @Yu Jin, "Insider Guy" once went long on LINK both in spot and futures contracts, but due to market fluctuations, he suffered a loss of $1.27 million. However, he quickly adjusted his strategy. After closing the position, he opened a short position of 1,937 Bitcoins (with a position value of $160 million) with a margin of $3.75 million and 40x leverage, successfully turning losses into profits. This operation demonstrated his astonishing fund management ability and market sense.
Mid-March 2025: The Return of the 40x Leverage Short Position
Just recently, "Insider Guy" opened a short position of 3,940.8 Bitcoins with 40x leverage, with a total value of approximately $450 million. The opening price is $83,923, and the liquidation price is $85,300. This move came at a time when the price of Bitcoin was hovering around $85,000, and the market sentiment was highly tense. His operation not only sparked heated discussions but was also regarded as a potential market signal.

Currently, the cryptocurrency community is watching this latest operation of his. Because if his position is liquidated, there may be an epic short squeeze in Bitcoin, forcing him to cover his position and driving up the price of Bitcoin.

This week, the United States will release a number of important data, and the Federal Reserve will hold an FOMC meeting on Wednesday. Some people believe that 0xf3f may know more information than retail investors, which also makes the market have many speculations about the macro trends this week.#btc