Address suspected to belong to a Trump insider opens about $340 million Bitcoin (BTC) short position
JH Kim
Summary
- On-chain analytics platform SolidIntel reported that an address suspected to belong to a Trump insider opened a new Bitcoin (BTC) short position worth about $340 million.
- The address was reported to have held about $700 million worth of Bitcoin and about $350 million in Ethereum (ETH) short positions just before last Friday's market crash.
- It was reported that this address made about $200 million in profit from those positions.
On the 13th (local time), on-chain analytics platform SolidIntel reported that an address suspected to belong to a Trump insider newly opened a Bitcoin (BTC) short position worth about $340 million.
That address was reported to have held about $700 million worth of Bitcoin and about $350 million in Ethereum (ETH) short positions just before last Friday's market crash, generating about $200 million in profit.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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