Jakarta, Pintu News – Bitcoin (BTC) and Ethereum (ETH) experienced price increases after US President Donald Trump confirmed a meeting with the Chinese leader during the APEC summit on October 31. Bitcoin (BTC) rose nearly 4%, while Ethereum (ETH) increased about 5% and traded at around $4,030. Overall, the market added about $100 billion in value in a short period of time, according to market watchers.
A whale known as an insider opened a $255 million long position in Bitcoin (BTC) and Ethereum (ETH). At the same time, this trader also opened a short position on Bitcoin (BTC) worth $76 million with 10x leverage. This move seems to be a bet on price fluctuations rather than just one direction.
Observers note that this trader has a history of making timely large trades, including a profitable $730 million short earlier. The public identity of this whale remains unclear, and his motives are being scrutinized by analysts.
Also Read: Want to Buy Cheap Bitcoin? Check out this expert’s Buy Whale Zone!
Comments from US President Donald Trump reportedly helped calm the markets. He stated that “everything will be fine” when talking about China’s economy, and his tone towards Beijing became softer after previously announcing 100% tariffs on Chinese goods.
The tariff claims had triggered massive selling in traditional and crypto markets a few days earlier. Market participants were quick to respond to this latest signal as an opportunity to ease tensions.

On-chain data and exchange records show continued large-scale activity in the spot market. BitMine is reported to have bought Ether worth around $1.5 billion, a move that shows confidence in Ethereum’s (ETH) long-term prospects. Meanwhile, El Salvador quietly added eight Bitcoin (BTC) to its reserves, bringing total holdings to 6,355.18 Bitcoin (BTC).
Reports suggest that the market is reacting to political signals and position adjustments by large players. If the rhetoric between the US and China continues to show friendly signals, prices may push higher and retest the monthly high.
However, the presence of large short positions alongside large long positions suggests that volatility is here to stay. Currently, data points are being closely monitored and traders are balancing between advancing positions and hedging.
Also Read: John Bollinger’s Legendary Prediction: Ethereum & Solana Set to Surge in Late 2025!
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