Bitcoin OG Places $234M BTC Short Bet After Profiting Big from Trump’s China Tariffs
A Bitcoin veteran who profited from a prior market drop linked to Trump's tariffs has now placed a $234 million short position on BTC.Summary
A prominent Bitcoin figure, known as a 'Bitcoin OG,' has established a new bearish position, increasing it to a $234 million short on BTC via the decentralized exchange Hyperliquid, according to Arkham data. This move follows the trader's reported $200 million profit from shorting Bitcoin just before a major sell-off on October 10. That sell-off, which saw BTC plunge from $122,000 to $104,000, was reportedly triggered by President Donald Trump's announcement of an additional 100% tariff on Chinese goods. The OG allegedly opened the initial short position only 30 minutes before the tariff announcement, leading to insider trading allegations. The new $234 million short position has a liquidation price set at $123,000, as Bitcoin's recent rally stalled near $114,000.
(Source：CoinDesk)