Trump-Linked Whale Increases Bitcoin Short to $340M, Hinting at Another Potential Price Crash

The Trump Insider Whale, who bet against Bitcoin right before last week’s market crash, has now increased their short position to $340 million.

The move comes after a rebound in the BTC price, fueling speculation that another crash could be on the way. This was the Whale who shorted $730 million in Bitcoin and $350 million in Ethereum about 30 minutes before U.S. President Donald Trump announced a 100% tariff on China, making around $200 million in profit after  BTC’s price dropped to $104,000.

This has led to speculation that the Whale could be linked to President Donald Trump due to the timing and size of the trade.

Data from HypurrScan shows that the Trump Insider Whale currently has unrealized profits of nearly $4 million, having entered the trade at $116,000 with a liquidation level set at $130,000.

Bitcoin Rebounds as Trump Eases Tariff Tension

Bitcoin surged to $116,000 after Trump softened his stance on the 100% tariff on China, saying that things “will all be fine”.At the same time, the U.S. Treasury Secretary Scott Bessent confirmed that talks with China are underway to avoid a trade war.

Traders also don’t expect the 100% tariff to take effect, as Polymarket data shows only a 13% chance of it happening by November 1, the date Trump set for it to begin.

It remains unclear why the Trump Insider Whale is still betting on a Bitcoin crash, since the market is turning positive again. Veteran trader Peter Brandt also assured that the Bitcoin bull run is still alive despite the recent drop.

Analyst Says Bitcoin Must Break $120K to Stay Bullish

Crypto analyst Egrag Crypto said that Bitcoin must rise above $120,000 to confirm that the uptrend will continue. He also pointed out that $117,000 is a key level Bitcoin needs to flip into support, warning that the price remains at risk until it closes above that level.

Egrag also added that if the Trump Insider Whale profits from their short position following a Trump-related announcement, they should be investigated. However, if that doesn’t happen, he believes the Whale is speculating based on market movements.