The precise actions of the mysterious trader #加密市场回调 shocked the market.

On October 22 this year, before the market crash, a set of intriguing mysterious addresses appeared on the blockchain. These addresses concentrated their funding injection on the 10th and built up short positions just before Trump announced the tariff news, subsequently cashing out in batches during the market decline on the 11th, with total profits reaching as high as $160 million according to statistics. This series of operations immediately sparked heated discussions in the cryptocurrency community: Are these simply trading experts, or market participants who hold key insider information?

Main Operating Address Analysis

Address 0xb317 has performed the most prominently. As a core trader, this address closed its short positions in $BTC, $ETH, and $SOL on October 11, earning approximately $86 million in a single day. Notably, this address deposited $30 million USDC into the HyperLiquid platform on October 20, opening a 10x leveraged Bitcoin short position. Before the recent market decline, this address increased its short position to $226 million, with an unrealized profit of $6.15 million. At the same time, this address transferred approximately 3,003 Bitcoins (worth about $338 million) to Binance exchange, seemingly ready to initiate a new round of operations.

Another address worth noting, 0x2eA, focuses on the Ethereum market and closed nearly 30,000 Ether short positions on October 11, making a profit of approximately $72.32 million. Data analysis shows that this address is highly correlated with the fund flows of 0xb317, suggesting they may belong to the same trading team.

The address 0xc2A demonstrates an astonishing ability to switch between long and short positions. On October 15, this address opened a $140 million short position on Bitcoin with 5x leverage, subsequently making a precise profit of $2.683 million. Even more remarkably, on October 16, this address decisively turned to long positions, closing its position after 5 days during a market uptrend, with a profit of $6.04 million. Since October 14, the seven trades conducted by this address have all been profitable, with a cumulative profit of $10.02 million.

Market Commentary

These on-chain traders not only seem capable of predicting the market impact of important news, but they can also flexibly switch between long and short positions during market volatility. The precision of their operations raises doubts about whether they possess some special information channels. Regardless of whether the addresses behind them belong to individual investors or institutional funds, the market insight and execution capabilities they display are a model in the field of cryptocurrency trading.

This series of operations once again proves that in the transparent environment of blockchain, excellent trading strategies and information advantages can bring huge returns, while also providing valuable research samples of trading behavior for market participants.