6 hours ago
Bitcoin and the wide crypto marketplace person witnessed different significant downturn this year, with prices falling by treble digits successful the precocious hours of Friday, October 10. This bearish unit started erstwhile rumors of a commercialized warfare betwixt the United States and China emerged successful the aboriginal hours of Friday.
The downward unit intensified aft US President Donald Trump declared that the US would enforce a 100% tariff connected Chinese goods. As a effect of this announcement, implicit $5.5 cardinal was liquidated from the crypto marketplace successful little than an hour, with the Bitcoin terms concisely falling to arsenic debased arsenic $101,500.
Is This BTC Whale Linked To The US Government?
In a caller station connected X, on-chain expert Maartunn highlighted a circumstantial Satoshi-era Bitcoin capitalist who mightiness person expected this downturn mode earlier it happened. A look astatine the trader’s marketplace moves suggests that the ample BTC holder astir ever knows thing the marketplace doesn’t.
While the terms of Bitcoin steadily dropped towards $117,00 during the day, blockchain analytics level Lookonchain revealed that this Bitcoin OG kept piling up their abbreviated positions up to $1.1 billion. Following the BTC clang beneath $110,000, this ample capitalist made a nett of implicit $160 million, starring to speculations astir them having insider information.
Source: @lookonchain connected XMaartunn went further to item the ample holder’s activities successful the past fewer months. According to the analyst’s station connected the societal media level X, this Bitcoin OG started selling portion of their 86,000 Satoshi-era BTC stash erstwhile prices peaked astir August 2025.
Similarly, the BTC whale took to shaving disconnected their holdings again erstwhile the Bitcoin terms ran up to caller highs successful aboriginal October. What’s much absorbing is that the Satoshi-era capitalist soon opened leveraged abbreviated positions connected some Bitcoin and Ethereum connected the Hyperliquid platform.
Maartunn thought that the timing of these trades mightiness beryllium interesting, particularly arsenic the wide crypto marketplace soon witnessed a downturn owed to President Trump’s tariff announcement. The on-chain expert past concluded that the “Satoshi-era OG person insider ties to the US government.”
Bitcoin Price At A Glance
As of this writing, the terms of BTC stands astatine astir $113,250, recovering swiftly from the plunge to astir $101,500. However, the premier cryptocurrency is inactive down by astir 7% successful the past 24 hours.
Featured representation from iStock, illustration from TradingView
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