Key points:
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Bitcoin whales are suddenly singing a bearish tune just hours before Trump graces us with yet another announcement from the White House. Hold your hats, folks.
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Since October 10, insider market moves have been more obvious than a red carpet at a celebrity event, particularly when Bitcoin hit a peak of $102,000 on Binance.
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Traders are eyeing the $107,000 mark as the next level to cross or fail miserably. You know, no pressure.
Bitcoin (BTC) is once again on the brink of a dramatic tumble as whales flip their positions and start shorting the market. 🦈
Bitcoin Whales Betting Against BTC-40X Leverage, Because Why Not?
Data from CryptoMoon Markets Pro and TradingView reveal that BTC’s attempt to hold onto the $110,000 level was about as successful as a cat trying to hold onto water.
The cryptocurrency is stuck in a boring, narrow range, giving no cause for optimism as we await the market’s next big “thrill ride.” 🎢
Meanwhile, US President Donald Trump is scheduled to drop some kind of announcement at 3 p.m. ET, and large-volume Bitcoin traders are betting that it’s going to be bad news. Or, you know, something just as “stabilizing.” 💣
Bitcoin OG Kyle Chasse didn’t mince words when he described one whale’s insane 40X leveraged BTC short position: “INSANE!!!”
INSANE!!!
This whale deposited $3M $USDC into Hyperliquid recently.
Shorting $BTC with 40x leverage!!!
Trump is also making an announcement from the White House today.
COINCIDENCE??? 🤔
Chasse continued to point out that a big liquidation cluster was lurking just above $106,000. Who knew that liquidation levels could act like magnets, pulling the price down when you least expect it?
On top of that, CoinGlass data showed fresh whale shorts popping up like mushrooms after rain, with some sporting ridiculous amounts of leverage. 🍄
CryptoMoon had some thoughts on whale behavior this October, especially with some entities seemingly predicting Trump’s every move. Who needs a crystal ball when you’ve got Bitcoin whales?
Overall, Glassnode’s on-chain analytics painted a picture of “defensive” positioning, as traders hedge their bets in the $109K-$115K range. They’re not taking any chances with all this volatility in the air.
“This suggests traders are positioning defensively into strength while the market consolidates.”
Bearish Predictions: Bitcoin Bears Just Can’t Stop
As if the market wasn’t already jittery enough, Bitcoin bears are doubling down on their doom-and-gloom forecasts. Seriously, it’s like they’re addicted to the “ugly” forecast button. ☠️
Trader Roman, worried about the weak trading volume even at the all-time highs, warned that things could get “ugly fast” if Bitcoin dips below $107,000.
“So far we’ve held, but let’s be clear-this isn’t just some horizontal support. This is a diagonal support for a nearly year-and-a-half-long uptrend,” he tweeted, acting like a Bitcoin historian in the making.
Fellow trader Daan Crypto Trades was quick to agree, pointing out that the current volume is “pretty thin.” Thin, like the patience of a crypto trader at the $107,000 mark. 📉
“The $111K level is the big one right now,” he wrote, urging everyone to focus on the short-term price action. No pressure, really.
“It’s good that the $107K level held during all this weakness also from stocks yesterday. But that is a key support to hold going forward.”
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2025-10-23 17:53