Key Takeaways
Why Are Traders Watching the ‘Trump Whale’?
The previous $1 billion shortage of BTC and ETH exactly preceded the last crash and made about $200 million.
What could decide BTC’s next move?
A position above $114,000 keeps bulls in play, but a close below $108,000 could confirm the whale’s bearish outlook and provide room for a decline towards $100,000.
A trader dubbed the ‘Trump insider whale’ has reignited fear in the market after reopening $300 million in Bitcoin shorts on Hyperliquid. The move comes just days after the company profited an estimated $200 million from the market crash.
According to data from Arkham Intelligencethe whale poured $40 million USDC into the stock market before shorting another $127 million. This move adds to the previous high leverage bets against BTC and ETH.
Source: Arkham Intelligence
Furthermore, the renewed position coincides with growing shorting activity and a fragile Bitcoin structure hovering near a key pivot zone.
Bitcoin traders are turning cautious as shorts advance
Mint glass Data shows that as of October 13, 2025, shorts slightly outnumbered longs – 50.42% versus 49.58% – causing BTC’s long/short ratio to drop to 0.9833.
The shift marks the first clear bearish tilt in several sessions. This suggests that private and professional traders could reflect the whale’s beliefs or hedge against further negative consequences.
Source: Coinglass
BTC is consolidating near a major pivot zone
On the daily chart, Bitcoin was trading around $114,772, almost flat on the day but below the intraday high of $116,000.
The pivot level (P) is around $114,700, indicating a technical stalemate between bulls and bears.
Source: TradingView
The immediate support is around $108,321 and $102,257, while the resistance levels are $118,906 and $123,856. This latest level corresponds to last week’s failed recovery attempt.
A break below $108,000 could trigger a deeper correction towards $100,000, while regaining $120,000 would indicate renewed strength.
Market sentiment is still fragile
The timing of the whale’s movement has fueled speculation that another major downward movement could be forming. This is especially after last week’s political unrest surrounding Trump’s renewed tariff rhetoric towards China.
Funding rates remain volatile, and liquidation data indicates that leveraged traders continue to exit both long and short positions with high volume.