Is Another BTC Price Crash Ahead As ‘Trump Insider Whale’ Increases Bitcoin Short to $340M

The ‘Trump Insider Whale’ who shorted Bitcoin last week, just before the largest crypto market crash ever, has increased their short positions. This comes despite a market rebound, leading to speculation that another BTC price crash may still lie ahead.

Trump Insider Whale Increases Bitcoin Short, Another BTC Price Crash Ahead?

On-chain analytics platform Arkham revealed in an X post that the whale now has a Bitcoin short position of $340 million. This was the same whale that had shorted $700 million of BTC and $350 million of ETH, just before the Friday crypto market crash, making a profit of $200 million.

As CoinGape reported, the BTC price crashed to as low as $104,000 on Friday last week, after U.S. President Donald Trump announced a 100% tariff on China. The Trump Insider Whale took a Bitcoin short position of up to $735 million, about 30 minutes before the U.S. president announced it.

This led to speculation that the whale might be a Trump insider, given the timing of the trade. The size of the trade has also contributed to these speculations. Now, this whale is again hinting that another Bitcoin crash may be imminent.

HypurrScan data shows that the Trump Insider Whale is currently sitting on an unrealized profit of almost $4 million, with an entry price of $116,000 and a liquidation price of $130,000. Meanwhile, the whale has notably opened a short position despite a market rebound, with BTC price looking to have regained its bullish momentum.

BTC Rebounds As Tariff Fears Water Down

Bitcoin had climbed to as high as $116,000 yesterday after Trump’s statement in which he looked to backtrack on the 100% tariff on China, stating that the whole situation “will all be fine.” U.S. Treasury Secretary Scott Bessent also confirmed today that the U.S. was in talks with China to prevent a trade war.

Market participants also do not expect the 100% to go into effect, as Polymarket data shows there is only a 13% chance it will go into effect by November 1, the date Trump announced as the commencement date.

As such, it is unclear why the Trump Insider Whale is still betting on a BTC price crash, given that market sentiment appears to be flipping bullish again. Notably, veteran trader Peter Brandt had assured that the Bitcoin bull run was still ‘alive’ despite the recent crash.

However, crypto analyst Egrag Crypto stated that the BTC price needs to rise above $120,000 to confirm a bullish continuation. He further highlighted the $117,000 level as the major level that Bitcoin needs to flip into support. The analyst stated that the flagship crypto needs to close a full candle above this level, indicating that BTC remains at risk until then.

Egrag Crypto also opined that if the Trump Insider Whale makes money off their current short position in the event of a Trump announcement soon, they should be investigated. However, if that doesn’t happen, he believes the whale is simply speculating on price action.