Bitcoin Value Falls 3% As ‘Trump Insider’ Whale Shorts Once more

The Bitcoin worth slid 3% prior to now 24 hours to commerce at $111,910 as of three:51 a.m. EST on buying and selling quantity that plunged 23% to $73.3 billion.

This comes as a whale investor, who earned near $200 million by shorting Bitcoin and Ethereum simply earlier than Donald Trump’s tariff announcement in opposition to China on October 10, doubled down on one other quick in opposition to BTC with 10x leverage

Knowledge from Hypurrscan exhibits {that a} the whale dealer and doable ”Trump insider’ with the handle “0xb317” on the decentralized derivatives change Hyperliquid deposited $40 million in USDC.

Shortly after that, the whale constructed a 10X quick place in Bitcoin valued at round $340 million.

Primarily based on the account’s entry worth of $116,009, it has already amassed greater than $700,000 in unrealized earnings. 

BREAKING: TRUMP INSIDER WHALE IS NOW SHORT $340M $BTC

The HyperUnit Bear Whale who shorted $700M of $BTC and $350M of $ETH proper earlier than Friday’s market crash (making ~$200M complete) simply deposited $40M USDC to HL and shorted one other $127M $BTC.

He’s now quick $300M $BTC and has… pic.twitter.com/b2rpzmkofZ

— Arkham (@arkham) October 13, 2025

After some analysts steered that the account belongs to former BitForex CEO Garret Jin, he confirmed that he’s related to it, however mentioned that the account is his “shoppers’ fund,” not his private account.

Will the whale’s prediction show proper once more or can the worth maintain help to get well?

Bitcoin Value Indicators Sign A Continued Bearish Transfer

After a sustained drop from the $118,000 resistance to the $108,600 help in September, the BTC worth recovered properly by the top of the month.

This allowed the Bitcoin worth to the touch the all-time excessive (ATH) at $126,080 on October 6. Nevertheless, BTC shaped a rounding prime sample, which is mostly a bearish sample. This pushed the worth of BTC to fall again to the help zone round $110,337 (1.618 Fib stage).

Regardless of staging a restoration over this help, BTC was rejected across the $115,690 space, ensuing within the present downtrend.

Bitcoin has additionally constantly traded beneath each the 50-day and 200-day Easy Shifting Averages (SMAs), indicating that the main cryptocurrency by market capitalization has been in a sustained bearish development.

In the meantime, the Relative Energy Index (RSI) is retracing again in direction of the 30-oversold stage, at the moment at 37 from the 50-midline vary, which might help the general bearish development.

The Development-Primarily based Fibonacci retracement on the BTC/USD 4-hour chart exhibits a robust rejection close to the 0.382–0.5 ranges (round $121K–$122K), confirming bearish momentum.

BTC Approaches $110K Assist Zone

Primarily based on the BTC/USD chart evaluation, the BTC worth is at the moment on a sustained bearish development, which might see the asset plunge much more.

Assist lies close to the 1.618 extension ($110K). RSI at 37 signifies weakening momentum and potential oversold situations. Until the worth of Bitcoin reclaims $118,000–$120,000, additional draw back towards $110K and even the two.618 extension ($100,600) stays seemingly within the quick time period.

This comes as Ali Martinez, a preferred crypto analyst on X, says that the worth of BTC might revisit the $100,000 stage.

If the bull finds help as a result of oversold RSI, the Bitcoin worth might rally in direction of the 1 Fib stage at $116,338 and even increased on the 0.786 Fib stage at $118,416.

For the bullish case, BitMEX co-founder Arthur Hayes acknowledged on the X platform that bankers have obtained a touch from Jamie Dimon (CEO of JPMorgan Chase) that it’s time to create extra credit score for the American trade.

Banksters obtained the trace led by the Grand Grasp Jamie Dimon, time to create credit score and lend to US trade. Extra {dollars}, extra $BTC quantity go up! QE 4 Poor Individuals in motion. pic.twitter.com/dBI4fuiDoT

— Arthur Hayes (@CryptoHayes) October 14, 2025

Quantitative easing focusing on the “poor” is underway, and the elevated liquidity of the US greenback might drive up the worth of BTC, he mentioned. 

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