According to The Kobeissi Letter, a trader described as a whale opened over $23 million in shorts on HyperLiquid at 4:49 PM ET, citing Coffeezilla as the origin of that trade detail (source: The Kobeissi Letter on X: https://x.com/KobeissiLetter/status/1977005754289996073). The Kobeissi Letter adds that one minute later President Trump announced 100% tariffs on China, which the post says coincided with the largest liquidation in crypto history (source: The Kobeissi Letter on X: https://x.com/KobeissiLetter/status/1977005754289996073). For trading decisions, the reported one-minute timeline underscores extreme headline risk and the need to manage leverage and exposure around policy announcements that can move crypto markets suddenly (source: analysis based on the event sequence reported by The Kobeissi Letter on X: https://x.com/KobeissiLetter/status/1977005754289996073). Traders monitoring HyperLiquid order flow, open interest, and liquidation prints may better assess if similar pre-announcement positioning occurs during future macro policy headlines (source: analysis grounded in the market structure context described by The Kobeissi Letter on X: https://x.com/KobeissiLetter/status/1977005754289996073).