How One Trader Turned Panic Into $192M Profit

How an anonymous wallet profited from the crypto chaos

An anonymous wallet (0xb317) on the Hyperliquid derivatives exchange reportedly earned a $192-million profit within just a few hours during a period of sharp market volatility.

As Bitcoin (BTC) and Ether (ETH) prices fell sharply, many traders were hit with liquidations that erased more than $1 billion in leveraged positions. During the sell-off, one trader managed to time a short that paid off in a big way. Whether it was luck, timing or experience isn’t clear.

The wallet’s timing, just…