Mr. "Trump's insider" Opens $120M Bitcoin Short at $111,386 — Is Another Crash Coming?
A trader known as Mr. "Trump's insider" opened a roughly $120–127M short on Bitcoin at $111,386, prompting renewed concerns that concentrated, event-timed leveraged bets could trigger another large-scale liquidation similar to the October cascading sell-off. On-chain data and reports name several large wallets increasing bearish exposure while BTC holds near $112,000.
Breaking: A trader dubbed Mr. "Trump's insider" opened a large Bitcoin short position worth approximately $120–127 million at an entry price of $111,386, days after earlier whale-driven liquidations roiled the market. The move came ahead of an anticipated announcement by Mr. Trump, renewing fears that concentrated, well-timed shorts could spark another aggressive decline in crypto prices.
The trade revived memories of the Oct. 11 liquidation cascade that erased billions of dollars of leveraged positions. That earlier event, tracked and reported by sources including Company Lookonchain and Cryptonews, saw a whale open more than $1.1 billion in shorts across Bitcoin and Ethereum shortly before a policy announcement by Mr. Trump, yielding estimated realized profits between $160 million and $200 million as BTC plunged from roughly $122,000 to below $102,000.
On-chain analytics show that the original whale deposited enormous amounts of stablecoin into Company Hyperliquid and used high leverage — including a reported 10x short on 6,189 BTC and 12x on 81,203 ETH — amplifying market impact and triggering cascading liquidations. According to Company CoinGlass data, the earlier crash produced over 1.66 million liquidations and wiped out roughly $19–30+ billion of positions, depending on the aggregator.
The current short by Mr. "Trump's insider" is one of several fresh bearish bets. Other identified large short positions include wallets labeled 0x9eec9 and 0x9263, with tens of millions deployed against altcoins such as DOGE, PEPE, XRP and against SOL and BTC. Meanwhile, a dormant Bitcoin wallet moved 2,000 BTC into multiple addresses without routing them to exchanges, suggesting custodial reshuffling rather than an immediate selloff.
Market participants are torn. On one side, the pattern of perfectly timed whale closures — reportedly closing 90% of Bitcoin shorts near market bottoms — gives traders reason to fear repeat exploitation of leverage. On the other side, Bitcoin remains resilient near $112,000 amid heavy bearish positioning, hinting that strong support levels could absorb selling pressure.
Beyond on-chain maneuvers, the report highlights the broader financial context: a Company Financial Times investigation attributes roughly $1 billion in pre-tax gains over the past year to the crypto ventures tied to the Trump family, including memecoins and DeFi token sales. The interconnectedness of political announcements, concentrated whale bets, and off-chain capital flows underscores the structural risk: when large, experienced traders place highly leveraged directional bets around predictable macro events, market fragility increases.
For traders and risk managers, this episode offers clear takeaways: monitor on-chain flows into platforms like Company Hyperliquid, watch major wallets identified by trackers such as Company Lookonchain, and respect liquidity and leverage dynamics that can turn a directional trade into a market-wide cascade. While another crash is not inevitable, the convergence of high-leverage positions, event-driven timing, and concentrated whale activity materially raises short-term downside risk for Bitcoin and correlated assets.
Editor’s note: This analysis synthesizes on-chain tracking, reported deposits and leverage levels, and historical liquidation events to assess downside probability. Readers should treat large whale activity as a high-signal, high-noise input and manage position sizing and stop-losses accordingly.
Click to trade with discounted fees