TLDR
- Whale raised total Bitcoin short to 900 BTC worth $99.6M amid global tension.
- Position entry price stands at $109,521 with liquidation near $141,072.
- Another whale reportedly opened $255M in long positions on BTC and ETH.
- U.S. and Australia each pledged $1B for minerals projects to reduce China reliance.
A trader labeled the “Trump insider whale” increased a bearish Bitcoin position while the United States and Australia advanced a new minerals pact. The trader added 200 BTC to an existing short, bringing total short exposure to 900 BTC.
Meanwhile, Reuters reported that President Trump and Australian Prime Minister Anthony Albanese signed a critical minerals agreement at the White House. The timing placed heightened market positioning alongside a policy step aimed at reducing reliance on China.
Bearish Position Builds Amid Ongoing Macro Events
Market data showed the whale added 200 BTC, valued near $22.1 million, to the short. This lifted the aggregate short to 900 BTC, worth about $99.6 million. The reported entry price stood at $109,521 with liquidation set around $141,072. The position carried a floating loss slightly above $1.1 million.
Notably, last week’s activity included a $76 million short, with cumulative exposure cited above 3,400 BTC. Analysts tracking this address linked prior gains to tariff-related market moves during earlier policy periods.
Contrasting Bets Emerge as Traders Position
Other large traders appeared to position in the opposite direction during the same window. Reports indicated a separate whale opened $255 million in long positions across Bitcoin and Ethereum.
The divergent stances arrived ahead of a scheduled meeting between President Trump and China’s President Xi Jinping at the APEC summit on October 31. Meanwhile, the short-adding whale continued to scale downside exposure. Observers referenced the address’s historical reactions to trade developments when describing the build.
Minerals Agreement Advances Parallel to Market Moves
According to Reuters, the United States and Australia agreed to new funding for critical minerals projects. Each government planned to contribute $1 billion over six months for mining and processing. The agreement also set a minimum price floor for key inputs used in semiconductors, electric vehicles, and defense. Furthermore, the pact aimed to counter China’s dominance in global rare earth supply chains. The development followed President Trump’s earlier backing of a nuclear submarine partnership with Australia to bolster Indo-Pacific security.
Analysts monitoring the whale activity cited the latest increase as part of a broader series of short additions. Meanwhile, reports highlighted the new $255 million long exposure by another investor across two major cryptocurrencies. Reuters served as the source for the policy details involving the U.S.–Australia minerals agreement. The market data summarized the address metrics, including entry price, liquidation level, floating loss, and the progression from last week’s $76 million short to today’s totals.
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