Bitcoin whales add 40X leverage BTC shorts ahead of Trump announcement

Bitcoin whales have recently flipped bearish, increasing leveraged short positions on BTC just hours before a scheduled White House announcement by Donald Trump, leading to speculation that they are betting on negative news. Data showed BTC failing to hold $110,000, with market observers noting a significant liquidation cluster just above $106,000, which could act as a price magnet. This activity follows a pattern seen since October 10, where large traders appeared to front-run news events related to Trump. Onchain analytics from Glassnode indicate defensive positioning, with concentrated selling across the $109K–$115K range in options markets, suggesting traders are hedging into strength. Meanwhile, bearish predictions persist, with some analysts warning that Bitcoin could quickly drop below the critical $107,000 support level if it fails to hold.

(Source：Cointelegraph)