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BTC Dips to $83K as Whale Short Targets $70K—Crash Incoming?

BTC Dips to $83K as Whale Short Targets $70K—Crash Incoming?

CryptonewslandCryptonewsland2025/03/10 17:11
By:by Vee Peninah
  • A Bitcoin whale earned $7.5 million through accurate market trade strategies during the price fluctuations caused by Trump’s executive order.
  • The whale’s recent short position triggers speculation about insider information because it expects Bitcoin to move back to $70,000–$74,000.
  • Bitcoin maintained its position at $83,567.86 with a 1.5% decrease day after day trading between $80,123.98 and $85,036.72.

A high-profile Bitcoin whale has reportedly capitalized on market volatility linked to a recent executive order signed by former U.S. President Donald Trump, securing a substantial $7.5 million in profits. The trader used price fluctuations to execute both long and short positions as they benefited from swift market emotional changes. This trader has initiated another short trade within the price bands of $70,000 to $74,000 leading experts to question whether they possess insider information or market control abilities.

💥BREAKING:

BITCOIN WHALE MADE $7.5M LONGING SHORTING THE TRUMP EXECUTIVE ORDER PUMP.

NOW SHORTING AGAIN, TARGETING $70K–$74K…

ANOTHER INSIDER? pic.twitter.com/7edigzPJN1

— Crypto Rover (@rovercrc) March 10, 2025

Bitcoin Drops Following Trump’s Executive Order

Bitcoin market activity surged after Trump issued the executive order which triggered immediate price changes. While details of the executive order’s direct impact on Bitcoin remain unclear, the price reaction suggested that investors viewed it as a bullish signal, at least momentarily.

The Bitcoin (BTC) market valuation stands at $83,567.86 after experiencing a 1.5% decrease throughout the last day. Bitcoin sustained its 24-hour price movement through $80,123.98 to $85,036.72 even though its value faced a temporary drop.

The Bitcoin price experienced a small decrease yet the continued upward pattern in the last few weeks suggests robust positive market pressure while traders monitor key support and resistance indicators which may shape future price shifts.

Whale’s Strategic Trades Signal Bitcoin Pullback

Blockchain data indicates that the whale in question effectively timed both long and short positions to maximize gains. The traders initiated a long position but transitioned into a short position because Bitcoin prices demonstrated a temporary surge after the news came out.

The whale has established a new short holding against Bitcoin while the price sits at its recent peak because they see a potential market decline towards $70,000–$74,000. Such strategic trading implies upcoming price adjustments followed by potential price rises.

The precise nature of Bitcoin trades remains unknown despite the fact that insider trading events cannot be proven. These quick and precise trades have raised questions about how significant market participants influence Bitcoin’s moment-to-moment price movements.

2

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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