
Jakarta, Pintu News â The cryptocurrency market was recently shocked by an increase in short positions by the âTrump Insider Whaleâ against Bitcoin , which reached $340 million. This happened despite the market recovering, fueling speculation that another Bitcoin (BTC) price drop is likely.
According to data from on-chain analytics platform Arkham published on X, the âTrump Insider Whaleâ has increased their short position against Bitcoin (BTC) to $340 million. These are the same people who shorted $700 million worth of Bitcoin (BTC) and $350 million worth of Ethereum , just before the biggest crypto market crash that occurred on Friday last week, resulting in a profit of $200 million.
Speculation arose that this whale might have insider information from Trump, given the timing of the transaction. The size of the transaction also adds to the speculation. Now, with this increase in short positions, many are speculating that another Bitcoin (BTC) price drop may be on the horizon.
Also read: Strategy buys 220 BTC as market plummets, bringing total holdings to this!

The price of Bitcoin (BTC) briefly rose to $116,000 yesterday after President Donald Trumpâs statement that seemed to reduce the 100% tariff policy against China, stating that âeverything will be fine.â US Treasury Secretary Scott Bessent also confirmed today that the US is in talks with China to avert a trade war.
Nonetheless, the market does not seem to expect 100% tariffs to be enacted, as data from Polymarket shows only a 13% chance that the tariffs will take effect on November 1, the date announced by Trump.
Read also: BTC plummets to Rp1.8 billion, why is the crypto market down today (10/14/25)?
Although the market seems to be starting bullish again, crypto analyst Egrag Crypto stated that Bitcoin (BTC) price needs to rise above $120,000 to confirm a bullish continuation. He also highlighted the $117,000 level as a key level that Bitcoin (BTC) needs to turn into support.
The analyst stated that this major crypto needs to close a full candle above this level, suggesting that Bitcoin (BTC) is still at risk until then. Egrag Crypto is also of the opinion that if the Trump Insider Whale makes money on their short positions when there is an announcement from Trump in the near future, they should be investigated. However, if that doesnât happen, he believes that the whale is simply speculating on price action.
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