Key Takeaways
Why are merchants watching the ‘Trump whale’?
Its earlier $1 billion quick on BTC and ETH exactly preceded the final crash, incomes about $200 million.
What may resolve BTC’s subsequent transfer?
Holding above $114K retains bulls within the sport, however an in depth under $108K might verify the whale’s bearish outlook and open room for a drop towards $100K.
A dealer dubbed the “Trump insider whale” has reignited market anxiousness after reopening $300 million in Bitcoin quick positions on Hyperliquid. The transfer comes solely days after profiting an estimated $200 million from the market crash.
Based on knowledge from Arkham Intelligence, the whale deposited $40 million USDC to the trade earlier than initiating a further $127 million quick. The transfer provides to its earlier high-leverage bets in opposition to BTC and ETH.
Supply: Arkham Intelligence
Additionally, the renewed place coincides with rising quick exercise and a fragile Bitcoin construction hovering close to a key pivot zone.
Bitcoin merchants flip cautious as shorts edge forward
Coinglass knowledge reveals that as of 13 October 2025, shorts barely outweighed longs — 50.42% versus 49.58% — pushing the BTC lengthy/quick ratio all the way down to 0.9833.
The shift marks the primary clear bearish tilt in a number of classes. This hints that retail {and professional} merchants could also be mirroring the whale’s conviction or hedging in opposition to additional draw back.
Supply: Coinglass
BTC consolidates close to key pivot zone
On the each day chart, Bitcoin traded round $114,772, practically flat on the day however under the intraday excessive of $116,000.
The pivot stage (P) rests round $114,700, suggesting a technical stalemate between bulls and bears.
Supply: TradingView
Quick helps sit close to $108,321 and $102,257, whereas resistance ranges seem at $118,906 and $123,856. The latter stage aligns with final week’s failed restoration try.
A break under $108,000 may set off a deeper correction towards $100,000, whereas reclaiming $120,000 would sign renewed power.
Market sentiment nonetheless fragile
The timing of the whale’s transfer has fueled hypothesis that one other main leg down may very well be forming. That is notably after final week’s political turmoil surrounding Trump’s renewed tariff rhetoric towards China.
Funding charges stay risky, and liquidation knowledge point out that leveraged merchants proceed to exit each lengthy and quick positions at excessive quantity.
