Summary
- The account suspected to be a 'Trump insider' has begun liquidating Bitcoin short positions and taking profits.
- This position liquidation has already cleared 108 Bitcoins, while still maintaining short positions amounting to 5,500 coins.
- The account has generated substantial profits through high-risk leverage of 50x, leading to suspicions that it belongs to a Trump insider.
The address suspected to be a Donald Trump associate or insider that heated up the virtual asset (cryptocurrency) market overnight appears to be liquidating positions and taking profits.
On the 17th (local time), virtual asset on-chain data analysis account Ember CN announced via X (Twitter) that "the suspected Trump insider address is liquidating Bitcoin short positions using a TWAP strategy." Specifically, according to data released by Ember CN, the address liquidated short positions equivalent to 108 Bitcoins over the past 90 minutes, and currently holds short positions amounting to 5,500 Bitcoins.
The account made significant profits by taking ultra-high-risk investments with 50x leverage on decentralized exchanges, which led to community speculation that the account belongs to a Trump insider.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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