Bitcoin Whale’s $380M Short Faces Liquidation as Traders Push BTC Higher

• A Bitcoin whale’s $380 million short position faces liquidation as a coordinated push attempts to drive BTC’s price above $86,600.
• Speculation ties the short position to insider knowledge about former U.S. President Donald Trump, raising concerns over political influence.
• Bitcoin’s price hovers around $83,000 amid heightened trading activity, with analysts warning of possible volatility due to external market risks.

A Bitcoin whale is on the brink of liquidation after placing a high-leverage $380 million short position. Market speculation suggests that the investor may have access to confidential information linked to former U.S. President Donald Trump. 

Meanwhile, reports indicate a coordinated push among traders to drive Bitcoin’s price higher, potentially forcing the liquidation of the whale’s position.

Traders Join Forces to Push BTC Higher

According to crypto analyst Gordon, the investor initially opened a 40x leveraged short worth $380 million. As the position was increased, the liquidation price was adjusted to $86,593. A group of whales is reportedly working to push Bitcoin’s price above this threshold, potentially triggering a massive liquidation event.

“There seems to be a group of whales trying to pump BTC to liquidate him,” Gordon wrote in a post on X. Such coordinated moves, while uncommon, have been observed before in the crypto market.

Trump Insider Speculation Raises Concerns

Adding to the intrigue, reports claim that the whale might have placed the short position based on insider knowledge about Trump. Crypto commentator Ash Crypto stated that the investor, rumored to have ties to Trump, is being actively targeted by traders aiming to force liquidation at $86,600.

“Trump insider whale who opened a $380 million bitcoin short with 40x is being hunted publicly on X by a group of people,” Ash Crypto noted.

Trump has shown changing attitudes toward cryptocurrency since the beginning of this decade which creates intense speculation about any involvement he could have. Recent U.S. plans to establish a Bitcoin Strategic Reserve created more discussions about how political events might alter Bitcoin pricing.

The situation intensified after a user named CBB called for traders willing to take part in the effort, stating, “If you are willing to hunt this dude with size, drop a DM, set up a team right now and already got a good size.” Shortly after, CBB followed up with a cryptic message: “The hunt has begun.”

Bitcoin shows resistance against ongoing tensions between the United States and China. The latest market value for BTC rests at approximately $83,000 before it lost 1% from its daily position. The market displayed more activity through the surge of trading volume which reached $24 billion with a 93% increase. During the last day, Bitcoin showed price movements between $82,017.90 and $85,051.60.