Today, a surprising event has taken place in the crypto market amid the growing chaos led by the recent 100% tariffs on China. Specifically, a Hyperliquid whale has opened shorts only thirty minutes before the announcement of imposing a hundred percent tariff on Chinese goods and subsequent crypto bloodbath.
As per the crypto analyst, Ash Crypto, following that announcement, the crypto market has gone through a massive bloodbath, apart from huge liquidations and sell-offs. In this respect, by opening shorts and getting profits before the tariff implementation, the Hyperliquid whale has raised significant questions among the community.
As pointed out by the market data, just a few minutes before the 100% tariff declaration by Trump on China, a Hyperliquid whale has opened short positions. Additionally, the whale has also closed the trades for up to $192M in gains. The respective accounts were subsequently opened, and the whale has efficiently withdrawn most of the funds from them.
Particularly, the whale had a notable cumulative balance, which was subsequently decreased to a significant extent. This took into account the withdrawal of a substantial $150M. As a result of this, the overall balance of the whale now stands at just $80M.
Apart from that, the wider crypto market has gone through a severe downturn due to the 100% tariffs on China. With this, Bitcoin’s price has dropped by 8% (approximately 7.60%), reaching $112,592.31. Additionally, Ethereum has plunged to $3845.92 after a 12.24% dip. Simultaneously, overall $9.5B has been liquidated from the largest crypto asset.
Thus, while the crypto market is experiencing a shocking downtrend, the opening of shorts before all this and getting profits ignited speculation about the aforementioned Hyperliquid Whale’s luck.
According to Ash Crypto, there might be a chance for that whale to be an insider as making such a drastic move before a staggering slump seems to be preplanned. Overall, the 100% tariff decision is going to be implemented from the 1st of October onwards.



Highlights: The BNB price is down 2% to $1111.46, despite the trading volume spiking 26%. The BNB on-chain demand has slipped, with the open interest plummeting 3% showing a drop in demand. The technical outlook shows a tight tug-of-war, with the bulls attempting to overcome resistance zones. The BNB price is down 2% today, to trade at $1111.46. Despite the plunge, the daily trading volume has soared 26% showing increased market activity among traders. However, BNB Chain has seen declining network activity, with the open interest plummeting, signaling a drop in demand. On Chain Demand on BNB Cools Off The BNB Chain is in a state of cooldown of network activity, which indicates low on-chain demand. In most instances, when a network fails to ensure large volumes or revenues, it means that there is low demand or outflows to other networks. BNB DeFi Data: DeFiLlama According to DeFiLlama data, the volume of the Decentralized Exchanges (DEXs) is down to at least $2.12 billion in comparison to the high of $6.313 billion on October 8, which also means low on-chain liquidity. On the other hand, Coinglass data shows that the volume of BNB has grown by 3.97% to reach $4.95 billion. However, the open interest in BNB futures has dropped by 3.36% to reach $1.74 billion. This reduction in open interest is an indication of a conservative stance by investors since the number of new positions being opened is low. This could be an indication that investors are not so sure about the short-term price outlook. BNB Derivatives Data: CoinGlass Meanwhile, the long-to-short ratio is sitting at 0.9091. This shows that the traders are undecided on BNB price’s next move, as it sits below 1. BNB Price Moves Into Consolidation The chart displays the BNB/USD price action on a 4-hour timeframe, with the token currently hovering around $1111.46. The 50-day Simple Moving Average (SMA) is at $1113, while the 200-day SMA sits at $1129, cushioning the bulls against upside movement. The price has mostly been trending below both SMAs, indicating that the bears are having the upper hand. The BNB trading volume is up, soaring 26%, signaling the momentum is real. On the 4-hour chart, BNB is trading within a consolidation channel. In such a case, this pattern may act as an accumulation period, giving the bulls hind wings to break above resistance zones. BNB/USD 4-hour chart: TradingView Zooming in, the Relative Strength Index (RSI) sits at 44.15, below the 50 level. This shows weakening momentum in the BNB market, and might lead to the RSI plunging to the oversold region if the bulls don’t regain control. In the short term, the BNB price could move up to $1113 resistance and flip it into support. A close above this zone will see the bulls target $1126 resistance, giving the bulls strength to reclaim the $1230 mark. Conversely, if the resistance zones prove too strong, a dip towards $1012 could be plausible. In such a case, this could be a prime buy zone for the risk-takers. In the long term, if the token keeps the hype alive, the bulls may reclaim the $1375 high or higher. eToro Platform Best Crypto Exchange Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users 9.9 Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.