Key Points:
Bitcoin whales have turned bearish on BTC price movements just hours before Trump’s announcement from the White House.
Since BTC reached $102,000 on Binance on October 10, "insider" market bets have become a significant feature of the market.
Traders point out that $107,000 has now become the next key price level.
BTC faces a new round of downside risk before Wall Street opens on Thursday, as market whales are shifting to short positions.
Data from Cointelegraph Markets Pro and TradingView shows that while BTC price touched $110,000, it failed to hold that level.
BTC/USD is fluctuating within an increasingly narrow range, with almost no signs of optimism before a series of classic volatility triggers arrive.
Reports indicate that U.S. President Trump plans to make a statement at 3 PM Eastern Time at the White House, while large-volume BTC traders are betting that this will bring negative news.
BTC veteran Kyle Chasse stated that a whale's 40x leveraged short position on BTC is "shocking."
In a follow-up post on X, he added, "We see a significant liquidation cluster above $106,000."
The accompanying chart shows the liquidation levels recorded on exchange order books by monitoring resource CoinGlass, which often become short-term price attractors.
Additional data provided by CoinGlass indicates that multiple new whale short positions emerged that day, including those using high leverage.
As previously reported by Cointelegraph, whale operations throughout October have been accompanied by market skepticism, as certain entities seem to have received news headlines and Trump’s comments in advance. This phenomenon first appeared on October 10, when BTC/USDT dropped from an all-time high to a low of $102,000 on the Binance platform.
On-chain analysis platform Glassnode noted that the overall trader behavior in the market shows a "defensive" position allocation.
"Net premium flows show concentrated selling in the $109,000 to $115,000 range, indicating that the recent rally was used for hedging," the platform stated while analyzing the Bitcoin options market.
Participants holding bearish views in the market further reinforced their previous warnings.
Trading analyst Roman expressed concerns about BTC's insufficient trading volume even at historical highs, noting that if BTC falls below $107,000, the market situation will "deteriorate rapidly."
"We have held support so far, but I want to emphasize that this is not just a level of support; it is actually a diagonal support line of the upward trend over the past year and a half," he stated while interpreting the weekly chart to his fans on X.
Another trading analyst, Daan Crypto Trades, also agreed that the trading volume in the current price range is "quite weak."
"In the short term, $111,000 is a key level. If the price can break through and stabilize above that point, we can start looking for higher targets," he stated in a post on Thursday.
Related: Bitcoin ETF's lukewarm sentiment is pressuring BTC's key support level.
This article does not contain any investment advice or recommendations. Any investment and trading activities involve risks, and readers should conduct their own research before making decisions.
Original article: “Bitcoin Whales Add 40x Leverage BTC Shorts Ahead of Trump Announcement”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
