‘Trump Insider’ Whale Who Scored $160M In BTC Rout Opens $76M Bitcoin Short At 10x Leverage
A crypto whale dubbed a “Trump insider” for his well timed trades has positioned a large new guess in opposition to Bitcoin, reopening hypothesis that one other market shakeout could possibly be forward.
Blockchain data reveals the dealer, identified for appropriately shorting Bitcoin and Ethereum earlier than final weekend’s crash, has once more taken a bearish stance.
According to Onchain Lens, the tackle deposited $30m in USDC to Hyperliquid earlier than opening a BTC quick place value $76m with 10x leverage.
The place, sized at 700 BTC and entered at $109,133 per coin, faces liquidation at $150,080, suggesting a high-conviction guess on additional draw back.
Speculators Watch Closely As ‘Trump Insider’ Reloads Bitcoin Shorts
This isn’t the dealer’s first aggressive transfer. Last week, quickly after Bitcoin briefly recovered from the crash, the identical pockets opened additional short positions.
Lookonchain information confirmed the dealer entered round $115,783, holding 3,440 BTC in shorts valued at $392.67 million and sitting on roughly $5.7m in unrealized revenue on the time.
To fund these trades, about $80m in USDC was bridged to Hyperliquid and rapidly deployed, a transfer seen as renewed confidence in a deeper correction. Observers consider the investor could possibly be anticipating a repeat of the current sell-off.
Whale’s Perfectly Timed Short Sparks Debate Over Insider Knowledge
The dealer first gained consideration after reportedly incomes $160m by shorting Bitcoin simply earlier than Donald Trump’s tariff announcement sent markets tumbling. The timing of that guess sparked on-line debate over whether or not it was pushed by sharp market instincts or privileged info.
Crypto communities have since tagged the tackle as a “Trump insider,” pointing to how the pockets typically positions forward of macro information that strikes danger property.
Meanwhile, on-chain data shows Bitcoin supply on exchanges is shrinking rapidly. Over 45,000 BTC, value about $4.8b, has been withdrawn from centralized platforms since early October.
Investors Pull Coins From Exchanges, Hinting At Growing Accumulation Trend
Investors seem like shifting cash into chilly storage, lowering speedy promoting stress and tightening liquidity within the spot market.
A decline in alternate balances typically signifies long-term holding behaviour, which may amplify worth volatility when giant shorts or liquidations happen. At the identical time, outflows throughout worth corrections are likely to sign that traders view the dip as an accumulation part moderately than a danger occasion.
Bitcoin final traded 3% greater at $110,261, although it stays down about 11% over the previous two weeks. The market is watching carefully to see whether or not the so-called Trump insider’s guess marks the beginning of one other sell-off or a daring misstep in a risky market.
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