Recently, the crypto exchange was shocked by the news about short positions — a mysterious whale known as "God of Coins" managed to enter a short position just a minute before Trump's public statement, earning 192 million in a day.
What worries me even more is that this whale recently shed 160 million short positions, causing panic throughout the crypto world.
This reminded me of the warning from the 'small whale' Cai Leilei, who said that a bull market is a slow rise, but the transition to a bear market can happen in an instant; if you don't exit in time, the money earned earlier could vanish in a moment. Now, looking back at this, his words turn out to be true.
Previously, virtual currencies fell by 60%, and only recently began to recover a bit, but now it has come to light that Trump has recanted previous statements in an interview — he denied saying that he 'would not negotiate with China', claiming that it was just emotions, and negotiations are actually ongoing.
But even more interesting is that Trump's 18-year-old son, Barron, has supposedly already earned 80 million dollars trading cryptocurrency.
At this moment, it's hard not to wonder if that whale who always opens short positions during Trump's tweets and statements is Trump himself, or perhaps his younger son? After all, this time difference and the connection of interests seem too suspicious.
Right now, the market has just begun to recover, and the whale is once again dumping short positions. Reflecting on the last 'black swan' in the cryptocurrency market, which occurred due to one phrase from Trump, I seriously suspect that he could cause 'inconvenience' again — it's hard to say exactly how, but the crypto market is likely to face a sharp decline.
Indeed, right now ETH and BNB look unreliable, in this unstable situation, perhaps the only option is to hold BTC firmly in spot to calmly get through this period of a bull and bear market.
