pinetwork

Whale ‘Trump Insider’ Who Makes $160 Million From Bitcoin Price Drop Opens New $76 Million Drop Using 10x Leverage

A crypto investor – known as the whale “Trump insider” due to the precise timing of his trades – opened a huge bet on a decline in the price of Bitcoin, which has once again sparked speculation about the possibility of further declines, as blockchain data shows that the famous trader correctly predicted a drop in the price of Bitcoin. (Bitcoin) and Ethereum (ETH) before last weekend’s setback had returned to a clearly pessimistic outlook.

According to Onchain Lens, the wallet address associated with the trader deposited $30 million in USD Coin-USDC into Hyperliquid and then opened a $76 million betting position on the fall in the price of Bitcoin using a leverage multiplier of 10. Many times the value of the trade opened by the trader is 700 BTC at the $109,133 level, which exposes him to a forced liquidation as soon as the price touches $150,080, in a high-risk bet that reflects his strong confidence in the continuation of the overall downward market trend.

Speculators are closely following the movements of the “Trump Insider” whale as he returns to bet on the decline in the price of Bitcoin.

This isn’t the first time the trader known as the “Trump Insider” whale has made bold investment decisions. Last week, after the partial recovery of the Bitcoin price following its sharp decline, the owner of the same wallet opened new betting offers on the decline.

According to Lookonchain data, the trader opened his bearish bet deal around the $115,783 level with a value of 3,440 Bitcoins, equivalent to $392.67 million, leaving unrealized gains estimated at the time to be around $5.7 million.

In order to provide collateral for his trade, the speculator transferred approximately $80 million worth of USD Coin to the Hyperliquide platform to quickly open his trade, a move that was interpreted as an indication of his renewed confidence in the onset of a broader market correction, and a number of observers believe that this investor can expect a repeat of the recent wave of selling.

The ideal time for a deal with Pisces raises controversy about knowing information that is not available to everyone.

The trader gained widespread fame after making an estimated $160 million in profits betting on the price of Bitcoin to fall before former US President Donald Trump announced tariffs that sent markets falling. The coincidence of this deal with the political event sparked widespread controversy over whether the success was the result of accurate market analysis or internal information unknown to the public.

Since then, the crypto community has dubbed him the “Trump Insider” whale, noting that his portfolio movements often precede major economic developments affecting high-risk assets. In the same context, blockchain data shows that the supply of Bitcoin available on centralized exchanges (CEX) is seeing a sharp decline, with more than 45,000 BTC worth around $4.8 billion withdrawn from these platforms since the beginning of October.

Investors are withdrawing their coins from exchanges, an indication of the increasing pace of accumulation

The data indicates a trend of investors moving their balances to cold storage (offline) wallets, which can ease selling pressures and make available liquidity in spot trading markets very scarce. A decrease in currency balances available for trading through central platforms is generally interpreted as a sign of a tendency of investors to hold them for the long term, a behavior which can lead to increased price volatility in the event of a strong wave of selling. Or extensive filtering.

On the other hand, the withdrawal of balances from platforms during periods of price correction indicates that investors view the current decline as an accumulation phase rather than a dangerous or worrying event. Currently, Bitcoin price is stable, up 3% to $110,261, but it has remained down around 11% over the past two weeks.

Now, analysts and investors are watching market developments to see whether the bet by the trader nicknamed “Trump the Insider” will trigger a new wave of intense selling or whether it is an uncalculated risk in a market characterized by violent volatility.

The post ‘Trump Informed’ Whale, Who Made $160 Million From Falling Bitcoin Price (Bitcoin-BTC), Opens New Downward Betting Deal Worth $76 Million Using Leverage With A Multiplier Of 10 appeared first on Cryptonews Arabic.

Exit mobile version