
Jakarta, Pintu News â Bitcoin and Ethereum 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 expertâs Buy Whale Zone!
Comments from US President Donald Trump reportedly helped calm the markets. He stated that âeverything will be fineâ when talking about Chinaâs 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 Ethereumâs (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 Bollingerâs Legendary Prediction: Ethereum & Solana Set to Surge in Late 2025!
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This content aims to enrich readersâ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an assetâs past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.