A significant short position on Bitcoin, valued at $380 million, is at risk of liquidation. Public interest is attracted to its possible connection with recent political events.
Traders Join Forces to Push BTC Higher
According to crypto analyst Gordon, an investor opened a high-leverage short position worth $380 million, setting the liquidation price to $86,593. Reports indicate a group of whales is working to push Bitcoin's price above this level, potentially triggering a liquidation.
Trump Insider Speculation Raises Concerns
Rumors suggest the investor might have made this move based on insider knowledge linked to former U.S. President Donald Trump. Crypto commentator Ash Crypto remarked that the investor, purportedly connected to Trump, is being targeted by traders aiming for a liquidation at $86,600.
Current BTC Market Situation
Bitcoin shows resilience amidst ongoing tensions between the U.S. and China, valued at approximately $83,000. Trading volume reached $24 billion, marking a 93% increase. Over the past day, Bitcoin's price fluctuated between $82,017.90 and $85,051.60.
The large Bitcoin short position attracts widespread public interest due to its potential liquidation and associated political speculations. The market impact remains to be seen.
