Editor's PiCK
"Is the bull market over?"...Trump insider-identified whale address increases position on 'Bitcoin decline'
Summary
- "A whale address identified as a Trump insider has increased its position using massive leverage betting on Bitcoin's downward trend."
- "This whale address has placed a total of $520 million bet on Bitcoin's decline, which is reported to be the largest position from this address."
- "Currently, Bitcoin price is trading at $83,281, up 0.42% according to CoinMarketCap."
A whale address, identified as a Trump insider for taking extremely high-risk investments using enormous leverage on decentralized exchanges (DEX), appears to be predicting a downward trend for Bitcoin (BTC).
On the 18th (local time), cryptocurrency data analysis account Amber CN announced via X (Twitter), "(The address) is completely selling off Bitcoin," adding "Currently, he is betting on Bitcoin's decline with a position worth $520 million using 40x leverage."
They continued, "This is the largest position from this address. He has bet all the profits earned over the past month and his entire balance on Bitcoin's decline."
Meanwhile, as of 10:23 AM today, Bitcoin is trading at $83,281, up 0.42% from the previous day according to CoinMarketCap.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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