Bitcoin Whale’s $380M Short In Danger Amid Trump Insider Speculation

A Bitcoin whale is facing potential liquidation after placing a high-stakes $380 million short position. Speculation is growing that this investor may have inside information about the US President Donald Trump. Meanwhile, a group of traders is reportedly working together to push BTC price high enough to trigger the liquidation, turning this into a major crypto showdown.

Bitcoin Whale Faces Liquidation Woes

According to market expert Gordon, a whale has doubled down on a massive Bitcoin short. Initially, the investor placed a 40x leverage bet worth $380 million. However, after adding to the position, their new liquidation price stands at $86,593.

“There seems to be a group of whales trying to pump BTC to liquidate him.” Gordon wrote in a post on X. The move suggests coordinated action among traders, a rare but not unheard-of event in the crypto world. Notably, a latest report from CoinGape also showed that BTC might continue its rally amid rising whale activity.

Trump Insider Link Fuels Speculation

Adding to discussions, the whale is rumored to have insider knowledge about US President Donald Trump. According to an update from Ash Crypto, this investor allegedly placed their short position based on confidential information. Ash Crypto wrote:

“Trump insider whale who opened a $380 million bitcoin short with 40x is being hunted publicly on “ X ” by a group of people who are trying to liquidate him at $86,600.”

If the speculation holds true, it raises questions about whether political developments could influence Bitcoin’s future price movements. Trump’s stance on cryptocurrency has shifted over time, making any connection between him and the whale’s move a subject of intense debate.

Besides, the announcement of the Bitcoin Strategic Reserve in the US has further fueled speculations in the market.

Liquidity Providers Enter the Game

In a striking development, liquidity provider CBB also weighed in on the unfolding drama. In a recent X post, the account stated:

“If you are willing to hunt this dude with size, drop a DM, setting up a team right now and already got good size.”

Shortly after, CBB followed up with a cryptic message: “The hunt has begun.” This statement suggests a coordinated effort is now underway to force Bitcoin’s price up and trigger the whale’s liquidation. If successful, it could lead to a sudden price surge and increased market volatility.

Bitcoin Price & Performance

BTC price today was down around 1% and exchanged hands at $83K, while its one-day volume rocketed 93% to $24 billion. The crypto has touched a 24-hour high and low of $85,051.60 and $82,017.90, respectively. Despite the current loss, the flagship crypto has recorded gains of more than 1% in the last seven days.

Meanwhile, amid the gloomy performance, a report showed that BTC price might crash to $20K if the US stock market enters a “BEAR MARKET”, which has further escalated tensions. Having said that, investors are keeping close track of the latest BTC movements, with soaring speculations over potential insider trading in the market.

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.