"Did they know about Trump's announcement in advance?"...Anonymous whale rakes in 10 billion won profit in futures market overnight
Summary
- It was reported that an anonymous whale formed a $200 million position using 50x leverage on Bitcoin and Ethereum, earning a profit of 10 billion won.
- Allegations have been raised that the investor made significant profits as the market surged due to President Trump's cryptocurrency remarks.
- According to Bitcoin News, the whale's investment timing coincided with Trump's post, suggesting the possibility of insider trading.
The cryptocurrency market surged overnight following remarks by US President Donald Trump. While Bitcoin (BTC) and altcoins all rallied on President Trump's cryptocurrency reserve statement, suspicious activity by one whale has raised allegations of insider trading.
According to Bitcoin News on the 2nd (local time), an anonymous whale created a $200 million position with just $4 million in capital by utilizing 50x leverage on Bitcoin and Ethereum. The profit they collected overnight amounts to $6.8 million.
Regarding this, Bitcoin News evaluated that "the timing of their position entry eerily coincides with the time of President Trump's Truth Social post" and "if cryptocurrency had declined even slightly, their position could have been liquidated."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
