OG Insider Just Shorted XRP and BTC Ahead of Trump’s Announcement – What’s Going On?

Massive BTC and XRP Shorts Raise Fears of Market Turmoil

An OG insider has reportedly opened massive short positions worth $135 million on Bitcoin (BTC) and XRP ahead of President Donald Trump’s upcoming announcement. The move immediately drew attention from traders and analysts across the cryptocurrency market.

Trading data shared online shows the insider shorted $116.5 million in Bitcoin and $20.4 million in XRP, both with 20x leverage. The Bitcoin position recorded a small unrealized loss of $218,000, while the XRP position showed an unrealized gain of more than $43,000. Entry prices were around $103,012.80 for BTC and $2.303 for XRP, with both assets currently hovering near those levels.

Reports suggest that this trader is the same individual who shorted the October flash crash, an event that led to sharp market declines and significant profits for those positioned correctly. His renewed activity has reignited debate about potential insider knowledge or a strategic bet on post-announcement volatility.

Community Reacts as Trader Bets Against the Market

The crypto community has been quick to respond, with prominent voices sharing their thoughts on X. One user, @rakhulkarthick, called it “a wild move,” adding, “Shorted the October crash and now going in again? Either he’s got unreal instincts or some serious info. $135M isn’t just a vibe check. That’s someone pressing the big red button.”

Echoing that concern, @SkullSignal described the move as “a serious warning signal,” suggesting that “big insiders usually move before major events, not after,” and that this could indicate expectations of a “sell the news” reaction following Trump’s address.

Meanwhile, @suryaprotrader remarked that “the timing is hard to ignore,” noting that the insider might “have serious inside info or be reading the macro setup better than anyone else.”

The trader’s bold positions have amplified uncertainty as markets await Trump’s announcement. Bitcoin remains near $103,200, and XRP trades around $2.29, as traders brace for potential volatility. Whether this insider’s move signals a calculated forecast or a high-stakes gamble, all eyes are now on how the market reacts once Trump takes the stage.