One of the whales (large investors) from the Satoshi Nakamoto era owns 86,000 Bitcoin (Bitcoin)- opened

One of the whales ( big investors ) from the Satoshi Nakamoto era - owning 86,000 Bitcoin (Bitcoin) - opened a position worth $1.1 billion betting on the decline in the price of both Bitcoin (Bitcoin) and Ethereum (Ethereum-ETH) just half an hour before President Donald Trump announced a 100% tariff, yielding profits estimated at $190-200 million, at a time when liquidations amounted to a total of $19.33 billion involving more than 1.66 million traders. A whale of Bitcoin (Bitcoin) from the Satoshi Nakamoto era opened positions worth more than $1.1 billion betting on the decline in the price of Bitcoin (Bitcoin) and Ethereum (Ethereum), just before President Donald Trump announced a 100% tariff on Chinese imports, resulting in unrealized profits estimated at about $27 million following the market decline.
The blockchain tracking company Lookonchain reported that the trader - known as "one of the early investors in Bitcoin (Bitcoin)" and holding 86,000 coins since 2011 - started depositing his funds on the Hyperliquid platform beginning October 9 to place high leverage bets against the two largest digital assets in the market. The Bitcoin (Bitcoin) whale doubled his bet half an hour before Trump's speech.
The whale trades involved betting on a price drop with a leverage of 10 times on 6,189 Bitcoin (Bitcoin) worth $752.9 million with a liquidation price of $130,810, alongside another similar trade with a leverage of 12 times on 81,203 Ethereum (Ethereum) worth $353.1 million and a liquidation price of $4,589.
The timing of these trades has raised widespread speculation about the possibility of the trader having insider information, as they doubled down on short-selling trades just 30 minutes before President Donald Trump announced a 100% tariff, causing the price of Bitcoin (Bitcoin) to drop from $122,000 to briefly below $102,000.
According to blockchain analyst mlmabc@, the whale closed about 90% of its open positions on Bitcoin (Bitcoin) and completely exited its positions on Ethereum (Ethereum) at the lowest levels of decline, realizing profits ranging between 190 and 200 million dollars in a single day. Lookonchain data indicates that the trader began building its positions on October 9 by depositing 80 million USD Coin (USD Coin-USDC) into the Hyperliquid platform, followed by a series of additional deposits worth tens of millions over the week preceding the market downturn.
CoinGlass data showed that the market decline led to the liquidation of 1.66 million trading positions in a single day, resulting in a loss of 19.33 billion dollars from the total value of open positions. However, blockchain analyst Mlmabc questioned these figures, asserting that "the circulating liquidation data is inaccurate, and the actual figure may exceed 30 to 40 billion dollars."
The bets on the price increase accounted for $16.83 billion in total losses, while the losses from bets on the price decrease reached $2.49 billion. Bitcoin (Bitcoin) and Ethereum (Ethereum) led the liquidation wave with values of $5.38 billion and $4.43 billion respectively, followed by Solana (Solana-SOL) with $2.01 billion, and then Ripple (Ripple-XRP) with losses reaching $708 million. The whale trading history from the Satoshi era fuels conspiracy theories.
The identity of the whale dates back to 2011 when it accumulated 86,000 Bitcoin ( in the early days of the currency, and blockchain records show that it sold 35,991 of those coins for $4.43 billion starting from August 20 to purchase 886,371 Ethereum ) for $4.07 billion at an exchange rate of 0.0406 on the Hyperliquid platform.
The trader still holds 49,634 Bitcoin (, valued at approximately 5.43 billion dollars distributed across four wallets, maintaining a massive investment deal despite his aggressive strategy in betting on a price decline.
On October 8, just one day before opening his huge short positions on the price drop, the whale sold 3,000 Bitcoin )Bitcoin( for 363.87 million USD Coin )USD Coin( at an average price of $121,291, thus obtaining significant liquidity from stablecoins.
80 million of these stablecoins have been used to open a leveraged short position of 6 times on 3,477 Bitcoins )Bitcoin( worth $419 million and a liquidation price of $140,660, while an additional 50 million USDC )USD Coin( was deposited on Binance )Binance( in anticipation of similar potential trades.
The whale continued to expand its trades on October 10 by depositing 30 million USD Coin ) to open a betting position on a price drop with a leverage of 12 times on 76,242 Ethereum ( worth 330 million dollars and a liquidation price of $4,613. Speculation within the crypto community increased after crypto researcher Maartunn pointed to the possibility of government relations or insider information that enabled the whale to anticipate Trump's announcement on tariffs.)()()$BTC $ETH