Two accounts have made a profit of 160 million dollars from betting on the decline of Bitcoin, while the cryptocurrency market has experienced a drastic decline.

Bitcoin has dropped by 12%, causing massive liquidations and sales in the market, while less popular tokens have lost up to 80% of their value. Two traders on the Hyperliquid platform placed large bets against Bitcoin and Ether, making a significant profit. The timing of the trades has generated speculation about insider information, in the context of recent political decisions related to cryptocurrencies.