Market Turns Quiet, But Something Feels Off
The market has been sluggish lately — every attempt at recovery gets instantly slapped down.
Yesterday’s flat trading session only added to the fatigue. Bitcoin tried to rise, but couldn’t hold; the market’s energy felt drained, hesitant, and indecisive. Yet behind this stillness, something far more deliberate was unfolding — the return of the infamous “Insider Whale.”
The Return of the Insider Whale
Many remember the whale who precisely shorted Bitcoin before the sharp October 11 crash — the one the community jokingly calls Insider Bro. Back then, he opened a massive short position just half an hour before the market collapsed, netting over $160 million in profit.
When questioned, he publicly denied any connection to Donald Trump’s family, explaining that his decision was purely based on his bearish market outlook.
But then came October 20. The same whale, address 0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae, opened another colossal short — this time worth $5.93 million USD in BTC positions.
Just four hours later, Trump made a statement that jolted global markets: if no trade deal with China was reached by November, tariffs would soar to 155 percent.
Coincidence? Hard to say. But twice in a row — once 30 minutes before a market shock, and now four hours ahead — it’s difficult to ignore. The timing is surgical. The same trader who mocked “conspiracy theories” seems to be perfectly synced with policy shocks.
By October 23, blockchain data shows the two addresses linked to him — 0xb317…83ae and 0x2eA1…923F4 — had fully exited all positions, accumulating $99.08 million in additional gains since October 11.
A New Player Enters the Game
But the story doesn’t end there. Another mysterious whale has entered the arena — a newcomer whose precision rivals any hedge fund algorithm.
On October 15, a fresh address 0xc2a30212a8DdAc9e123944d6e29FADdCe994E5f2, created just days earlier on October 12, suddenly deposited $10 million into Hyperliquid and opened a $140 million BTC short. Within hours, Bitcoin slid below $112,000, perfectly aligning with his trade.
At 1 a.m. on October 16, he closed the position, locking in $2.683 million in profit. Just three hours later, around 4 a.m., he re-entered the market — shorting 310 BTC, closing two hours later with another $750,000 gain. Later that same day, around 6 p.m., he flipped long, continuing a string of flawlessly timed entries and exits.
In total, this “Mysterious Whale” executed eight leveraged trades since October 14, winning every single one — earning $10.86 million in profit and achieving a 100% win rate.
Market Reacts — Or Doesn’t
Interestingly, the market barely responded to macro good news during this period.
The Russia-Ukraine cease-fire headlines and growing expectations of a U.S. rate cut should have fueled optimism. Instead, the charts drifted downward, as if weighed by invisible hands.
Now it makes sense: while the crowd waited for a bounce, these whales were already unloading from the top. By the time traders wondered why Bitcoin wouldn’t move higher, the game had already been decided.
The Invisible Hand Behind the Curtain
As of October 23, both whales have fully exited the market.
- •Insider Whale: earned $160 million from October 11’s crash + $99 million since then.
- •Mysterious Whale: earned $10.86 million from eight trades with a 100% success rate.
Two whales, both moving ahead of the crowd, both profiting in perfect rhythm with major political signals. Whether luck, instinct, or something deeper, their timing challenges the belief that markets are purely efficient.