The whale Trump Insider, who made a profit of 160 million dollars from the decline of Bitcoin (Bitcoin-BTC), is back again to speculate on the drop. Is a new downward wave looming on the horizon?
One trader - known for making huge profits after speculating on the decline of Bitcoin (Bitcoin) and Ethereum (Ethereum-ETH) before the recent market downturn - has once again opened short positions despite the current signs of recovery in the market.
Blockchain data - published by the Lookonchain platform on Tuesday - revealed that this investor entered a short position for 3,440 Bitcoin (Bitcoin) at a price of 115,783$ , for a total value of 392.67 million dollars, making his unrealized profits around 5.7 million dollars, with a liquidation level at $128,030. Despite the price of Bitcoin (Bitcoin) rebounding to around 115,000$ over the weekend, the trader significantly increased the size of his position, showing renewed conviction in the dominance of the downward trend.
The whale "Trump Insider" doubles down on his bets, and speculation rises about an upcoming shock in the market.
To confirm his seriousness, the trader injected liquidity of about 80 million dollars from USD Coin (USD Coin-USDC) into the Hyperliquid platform, indicating that the trader is doubling his bet on the continuation of the downward trend.
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