Luis Fernando Ávila
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Is another drop in BTC price approaching?
The on-chain analysis platform Arkham revealed in a post on X that the "Trump's privileged whale" now has a short position in Bitcoin of $340 million. This was the same whale that had sold $700 million in BTC and $350 million in ETH just before the cryptocurrency market crash on Friday, making a profit of $200 million.
The price of BTC plummeted to $104,000 last Friday after U.S. President Donald Trump announced a 100% tariff on China. Trump's privileged whale opened a short position in Bitcoin of up to $735 million about 30 minutes before the U.S. President announced it.
The price of BTC plummeted to $104,000 last Friday after U.S. President Donald Trump announced a 100% tariff on China. Trump's privileged whale opened a short position in Bitcoin of up to $735 million about 30 minutes before the U.S. President announced it.
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