A Bitcoin whale initiated a short position with 40x leverage on the Hyperliquid platform just hours before President Donald Trump's announcement from the White House, scheduled for 3 PM EST.
This significant transaction was identified by the on-chain analytics firm Onchain Lens. The operation involved an initial deposit of $3 million in USDC, and the establishment of a position valued at $31.9 million, representing 291.81 Bitcoins.
Records indicate that the same address had previously executed similar trades in October. These trades resulted in earnings of $8.6 million in profits, achieved by accurately anticipating Trump's statements, which subsequently led to a broad market decline. Analysts are suggesting the possibility of an informed trading pattern, given that several high-volume short positions were opened concurrently on Hyperliquid and other exchanges.
Market Sentiment and Whale Positioning
Data from CoinGlass and Glassnode indicates that the Bitcoin market is currently in a defensive state. The majority of selling activity is observed within the price range of $109,000 to $115,000, with a technical support level identified around $107,000. The positioning of whales suggests they are preparing for a potential market correction, particularly if the presidential announcement includes references to geopolitical tensions or unfavorable economic measures.