A Bitcoin whale opened a short position with 40x leverage on the Hyperliquid platform hours before President Donald Trump’s announcement from the White House at 3 PM EST.
The transaction was detected by the on-chain analytics firm Onchain Lens. It involved an initial deposit of $3 million in USDC and the opening of a position equivalent to 291.81 Bitcoins, valued at $31.9 million.
The same address had executed similar trades earlier in October, earning $8.6 million in profits by anticipating Trump’s statements that later triggered a broad market decline. Analysts point to a possible pattern of informed trading, as several high-volume short positions were opened simultaneously on Hyperliquid and other exchanges.
Data from CoinGlass and Glassnode show that the Bitcoin market is currently defensive. Selling activity is concentrated between $109,000 and $115,000, with technical support around $107,000. Whales appear to be positioning for a potential correction if the presidential announcement includes references to geopolitical tensions or adverse economic measures.
Source: https://x.com/kyle_chasse/status/1981327058711302383
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