The cryptocurrency market is tensely watching a new bearish move. An anonymous whale, known on networks as “Trump Insider,” opened a massive short position on Bitcoin for $120 to $127 million. The operation, first reported this Tuesday by analyst @DefiWimar on the X platform, is raising alarms due to the operator’s supposedly infallible success rate.
The bearish operation was executed precisely as the BTC price hit $111,386. This is not an isolated action. The same entity had already initiated a short position on October 14. That position was for 3,440 BTC, valued at $392.67 million, at a price of $115,783. The Hyperliquid derivatives platform has been the venue for these maneuvers. To finance their operations, the whale has moved large amounts of USDC, including bridging $80 million for the October 14 position. Despite this heavy bearish pressure, Bitcoin continues to trade stable near $112,000, showing remarkable resilience.
An infallible track record that breeds fear
The market’s anxiety stems not just from the size of the bet. It comes from this whale’s near-perfect track record. This trader maintains a 100% success rate in their bearish predictions. Their reputation was solidified this past October 11. On that date, the “Insider” opened $1.1 billion in short positions against BTC and Ethereum. They did so 30 minutes before President Trump announced 100% tariffs on Chinese imports.
That move generated estimated profits between $190 and $200 million. The digital economy faltered that day. That massive sell-off triggered a market collapse. Positions worth over $19.33 billion were liquidated, affecting 1.66 million traders according to CoinGlass. The on-chain analysis firm Lookonchain has tracked the wallet. They identify the owner as a “Bitcoin OG,” an early investor who accumulated 86,000 BTC since 2011.
Is the market preparing for a new mass liquidation?
The opening of this new massive short position on Bitcoin is being interpreted as an ominous sign. The surgical precision of their previous trades fuels accusations of insider trading. If this new bearish bet succeeds, the price of Bitcoin could face a severe correction.
Panic could spread rapidly. This would lead to a cascade of forced liquidations, similar to that seen on October 11. Retail investors are watching nervously. The bearish sentiment is not exclusive to this whale. Other major players are positioning themselves short. The whale “0x9eec9” holds $98 million in shorts against DOGE, ETH, and PEPE. Meanwhile, whale “0x9263” is betting $84 million against SOL and BTC.
Bitcoin is at a technical crossroads, defending the $110,000 support level. However, the selling pressure from large capital is evident and growing. This “Bitcoin OG’s” strategy is clear: anticipate relevant macroeconomic or political announcements. The crypto community remains divided between the price’s current resilience and the “Insider’s” infallible history. The next few days will be crucial in determining the market’s direction. It remains to be seen if bullish demand can absorb this sale or if, conversely, the whale’s history of profits repeats itself.
