Whale Dey Boost Bitcoin Short Reach $340M Amid Big Liquidations
Arkham Intelligence yarn say one whale trader wey dem sabi as “Trump Insider Whale” don increase im Bitcoin short position reach $340 million, wey mean say e dey bearish wella. Before market crash for October 10, dis whale make around $200 million profit by shorting $700 million BTC and $350 million ETH. After the crash, e put $40 million USDC for Hyperliquid to start another $127 million Bitcoin short, make total active BTC shorts near $340 million. Dis move line up with $624.4 million market liquidation wey clear 213,000 traders, mostly long positions for Bitcoin ($126 million) and Ethereum ($108 million). Dis whale short selling wey e do on time, wey e don dey use big big events like Trump tariff announcements take profit, show say bear market dey grow and crypto market volatility don go high. Traders suppose dey watch for any chance say regulators go check insider trading.
Bearish
Di whale don increase di Bitcoin short positions sharply—from $700 million before di crash come reach $340 million now—show say e get strong bearish belief wey fit put pressure down for BTC price for near time. Plus, recent $624 million market liquidation wey hit long position pass, dis move dey increase volatility and fit make people sell more. Short term traders fit expect say di downward trend go continue because di whale actions dey influence market sentiment. For longer time, increased regulatory scrutiny plus di whale track record for profit from timed events fit bring more uncertainty. Overall, the big increase for short positions show say di market get mainly negative bias for Bitcoin price movement.