A Bitcoin whale is at risk of liquidation after taking a massive $380 million short position with 40x leverage. Market speculation suggests the whale may have insider knowledge related to former U.S.
President Donald Trump, fueling debates about political influence on crypto markets. Meanwhile, a coordinated group of traders appears to be driving Bitcoin’s price higher in an attempt to trigger the whale’s liquidation, setting the stage for a dramatic showdown.
According to market expert Gordon, the investor’s new liquidation price is set at $86,593. Reports indicate that several large traders are actively pushing Bitcoin’s price up to force the short position into liquidation. Adding to the intrigue, crypto commentator Ash Crypto claimed that the whale may have placed the short based on undisclosed information about Trump’s stance on Bitcoin. If true, this raises serious concerns about potential insider trading and political influence in crypto markets.
The situation has escalated further with liquidity provider CBB publicly calling for traders to join in on what it described as a “hunt” to liquidate the whale. The group’s coordinated efforts could lead to sudden price surges, increasing volatility in the crypto market.
As of today, Bitcoin’s price hovers around $83,000, with a 24-hour high of $85,051 and a low of $82,017. While BTC has gained over 1% in the past week, concerns about a potential U.S. stock market downturn have led to speculation that Bitcoin could see a sharp decline if broader economic conditions worsen. Investors are closely monitoring the ongoing battle between the whale and market forces, as the outcome could significantly impact BTC’s near-term trajectory.
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