Open a coin whale Bitcoin From the era of Satoshi Nakamoto Transactions worth over $1.1 billion bet on falling prices Bitcoin and Ethereum, shortly before US President Donald Trump announced the imposition of 100% tariffs on Chinese imports, leading to unrealized profits estimated at around $27 million following the market decline.
Blockchain tracking company Lookonchain reported that the trader – known as “Who Early Bitcoin Investors And the guard 86,000 pieces Notably since 2011, it began depositing its funds on the Hyperliquide platform from October 9 to execute highly leveraged bets against the two largest digital assets on the market.
Bitcoin whale doubles its stake half an hour before Trump’s speech
The whale trades included a 10x leveraged drop bet on 6,189 Bitcoin worth $752.9 million with a liquidation price of $130,810, as well as another similar 12x leveraged trade on 81,203 Ethereum worth $353.1 million and a liquidation price. It’s $4,589.
The timing of these trades sparked widespread speculation that a trader might get a warning, as he doubled down on bearish trades just 30 minutes before President Donald Trump announced 100% tariffs, sending the price of Bitcoin from $122,000 to briefly below $102,000.
According to blockchain analyst @mlmabc, the whale closed around 90% of its open Bitcoin trades and completely exited its Ethereum trades at the lowest falling levels, realizing realized profits of between $190 million and $200 million in one day.
Lookonchain data indicates that the trader began growing his trade on October 9 by depositing USD 80 million worth of Coin-USDC on the Hyperliquide exchange, then followed with a series of additional deposits worth tens of millions in the week before the market decline.
Data from CoinGlass showed that the market decline led to the liquidation of 1.66 million trade transactions in one day, resulting in the erasure of $19.33 billion in the total value of open trades. However, blockchain analyst Mlmabc questioned these figures, pointing out that “The liquidation data circulating is inaccurate and the true figure could exceed $30-40 billion. »
Trades betting on an increase in price accounted for $16.83 billion of the total losses, while losses on trades betting on a decline in price amounted to $2.49 billion. Bitcoin and Ethereum dominated the liquidation wave with values reaching $5.38 billion and $4.43 billion, respectively, followed by Solana-SOL with $2.01 billion, and then Ripple-XRP with losses reaching $708 million.
Hyperliquide recorded the largest liquidation of an open position on Ethereum/Tether (ETH/USDT) at $203.36 million, while Mlmbac reported that the total liquidation on the platform was $203.36 million. “About $7 billion”.
History of whale trade since Satoshi era ignites conspiracy theories
The whale’s identity dates back to 2011, when he collected 86,000 Bitcoins in the currency’s early days, and blockchain records show he sold 35,991 worth $4.43 billion starting Aug. 20 to buy 886,371 Ethereum coins worth $4.07 billion at an exchange rate of 0.0406 on the platform. Hyperliquid.
The trader still holds 49,634 Bitcoins, valued at approximately $5.43 billion, across four wallets, maintaining a huge investment despite his aggressive strategy of betting on a price decline.
On October 8, just a day before opening its massive trades to bet on falling prices, the whale sold 3,000 Bitcoins for USD 363.87 million worth of Coin at an average price of $121,291, gaining significant liquidity from stablecoins.
He used 80 million of these stablecoins to open a bearish position with 6x leverage on 3,477 Bitcoins worth $419 million and a liquidation price of $140,660, while he deposited an additional 50 million coins on Binance in anticipation of similar trades. Possible.
The whale also continued to expand its positions on October 10 by depositing 30 million USD coins to open a bearish trade with 12x leverage on 76,242 Ethereum, worth $330 million and a liquidation price of $4,613. Speculation increased within the crypto community after crypto researcher Maartunn highlighted the possibility of government ties or inside information that would have allowed the whale to anticipate Trump’s tariff announcement.
Social media was ablaze with accusations of market manipulation, with a number of analysts describing what happened as “One of the largest insider trading operations in history“Critics have pointed to the precise timing of the whale’s trading surge just before Trump’s speech, the whale’s withdrawal at precise market lows, and the coordinated nature of linked wallets that executed similar trades within hours.
Trump cartoons trigger historic liquidation wave
President Donald Trump announced 100% tariffs on Chinese imports starting November 1, in response to new restrictions imposed by Beijing on the export of products containing more than 0.1% rare earth elements. These obligations also include new controls on the export of critical software intended for sensitive industrial use.
Trump then hinted at the possibility of rolling back those tariffs if China changes its stance before the deadline, which could pave the way for a temporary recovery in the digital currency sector, whose total market value fell more than 9% in 24 hours to $3.8 trillion in light of an accelerating wave of sales. As for Bitcoin, its price fell from more than $122,000 to around $113,600, erasing all its gains since August, before its price temporarily fell below $102,000.
Ethereum and other major alternative currencies followed the same approach, as the prices of some assets fell between 60% and 90% during a collapse that lasted just three hours and wiped roughly $1 trillion off market value, with analysts describing the event as one of the most violent liquidation waves of the year.
Despite the huge profits the whale made from its timely withdrawal, this decline left behind 1.66 million traders whose trades were liquidated, in addition to billions of dollars in losses. Meanwhile, President Trump’s approval rating fell to 40% due to the continued federal government shutdown, while 86% of Polymarket traders expected the shutdown to continue beyond October 15.
One of the early Bitcoin whales (Bitcoin-BTC) bet $1.1 billion on falling prices just before the tariffs were announced, reaping profits amounting to $27 million. How did he know this? appeared first on Cryptonews Arabic.