Bitcoin OG ‘Insider’ Whale Raises Short Position To $227M — Major Correction Signal?
A crypto whale often called the “Trump insider” has deepened his bearish stance on Bitcoin, elevating his brief place to 2,100 BTC price about $227m.
The transfer comes as Bitcoin hovers close to $108,000 and merchants debate whether or not the latest rebound has already peaked.
Onchain Lens, citing information from Hyperbot, reported that the dealer transferred 3,003 BTC, price roughly $338m, to Binance on Wednesday, signaling a possible plan to take revenue or reposition his publicity.
‘Insider’ Trader Adds To Bitcoin Short As Floating Profit Reaches $5.8M
The transaction adopted one other deposit of 200 BTC worth about $22m, which was used to broaden his brief place a day earlier.
According to Hyperbot information, the whale’s place now carries a floating revenue of $5.8m, reflecting a achieve that continues to be unrealized till the commerce is closed. The leveraged brief, opened round $111,000 with 10x publicity, presently sits comfortably in revenue as Bitcoin struggles to regain upward momentum.
The dealer’s latest exercise matches a transparent sample of aggressive bearish positioning. Earlier this week, he moved $30m in USDC to Hyperliquid to open a $76m short.
‘Trump Insider’ Wallet Once Again Draws Attention With Well-Timed Market Shorts
Just days earlier than that, he elevated his publicity when Bitcoin tried a quick restoration from final week’s steep decline. At one level, his total short exposure reached 3,440 BTC valued at $392m.
His timing has as soon as once more stirred debate in crypto circles. Many merchants consider the investor is positioning for one more correction, doubtlessly anticipating Bitcoin to retest the $100,000 degree or decrease.
The pockets behind these trades first gained consideration after reportedly incomes $160m by shorting Bitcoin simply earlier than US President Donald Trump’s tariff announcement sent global markets tumbling. That completely timed transfer earned him the “Trump insider” nickname, one which has endured via a number of profitable trades.
Blockchain analysts have since recognized the deal with as a part of a long-standing “Bitcoin OG” cluster, energetic for the reason that early Satoshi period. Records recommend the holder accrued greater than 86,000 BTC between 2010 and 2012, making him one of many oldest surviving whales within the ecosystem.
Whale’s Post-Crash Activity Signals Expectation Of Further Turbulence In Crypto Markets
His latest brief positions emerged after the Oct. 10–11 market crash, when Bitcoin plunged from above $125,000 to close $102,000 following Trump’s shock name for 100% tariffs on Chinese items. That sell-off worn out greater than $19b in leveraged positions throughout the market and briefly pushed Bitcoin under the psychologically key $100,000 threshold.
Ethereum additionally suffered a sharper 18% drop to round $3,370, as merchants rushed to unwind danger throughout equities, commodities and crypto. The whale’s strikes since then recommend he expects additional turbulence forward slightly than a fast rebound.
Critics see the timing of his positions as unusually exact, typically aligning with main political or macroeconomic bulletins. Supporters, nonetheless, say he could merely have unmatched ability in studying market construction and sentiment.
Regardless of motive, the dealer’s newest brief has develop into one of many largest energetic positions on-chain. As Bitcoin’s funding charges flip adverse and volatility rises, analysts say his wager may develop into a key indicator of broader institutional sentiment heading into the ultimate quarter of 2025.
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