Insider Whale Opens $255M Bitcoin Longs as Trump Confirms Oct 31 Meeting With China

An Insider whale has reportedly opened a $255 million long position in Bitcoin and Ethereum as Donald Trump confirmed he will meet China’s President Xi Jinping during the APEC summit.

Insider Whale Bets on Bitcoin and Ethereum Amid U.S.-China Meeting

In a fresh development, an insider whale opened $255 million worth of long positions in Bitcoin and Ethereum. This came after U.S. President Donald Trump confirmed his upcoming October 31 meeting with Chinese President Xi Jinping during the APEC summit.

After months of uncertainty surrounding tariffs, there is hope that U.S.-China relations may be improving.

The President’s recent remarks represent a shift from his previous tough stance. Just a week ago, the president shocked global markets by announcing a 100% tariff on Chinese goods. This led to a major sell-off across both traditional and crypto markets.

However, Trump reassured Americans that “it will all be fine” with China. He called Xi Jinping “highly respected” and described China’s economic slump as “just a bad moment.” He later reiterated on FOX Business that the tariffs may not stand.

Now, with the trader flipping long ahead of the US’s upcoming China meeting, investors are speculating on what this could mean. Experts see this as a sign that the whale expects easing tensions and a potential rally in the crypto market.

Meanwhile, positive developments within China’s trade strategy have led to further speculation. Beijing recently removed Li Chenggang, its ambassador to the World Trade Organization (WTO). This is a move many analysts interpret as part of a strategic shift toward bilateral negotiations with the U.S.

Li had clashed with American officials, including U.S. Treasury Secretary Scott Bessent, over trade disputes. His sudden removal signals that China may be preparing a softer diplomatic approach.

Crypto Market Rebounds as Trump Confirms Meeting With China

Markets reacted swiftly after the U.S. President announced his planned meeting with Xi Jinping in Seoul, South Korea. Within hours, the Bitcoin price jumped nearly 3%, while Ethereum also gained 3.48% to trade around $4,038. The broader crypto market also added over $100 billion in value in just ten hours.

Despite the recent optimism, the “Trump Insider Whale” has opened another $76.1 million short position on Bitcoin with 10x leverage. Given the whale’s history of precise timing, this suggests another swing could happen once again.

Last week, the Trump Insider Whale expanded his BTC short to $127 million after its successful trade of $735 million in short positions on the coin.

However, if trade tensions continue to ease and both sides signal progress, analysts believe Bitcoin could extend its rally toward new monthly highs.