Crypto traders are monitoring carefully after a significant whale customer opened a $50 million Bitcoin short today, according to data shared by market analyst Crypto Rover. Data shared on the X platform indicated that this savvy whale opened $50,000,000 Bitcoin short ahead of Trump’s crypto speech, positioning himself for an anticipated price decline. While today Bitcoin trades at $77,720, the analyst’s data shows that the whale’s capital will be liquidated if Bitcoin price rises to $81,000.
President Trump To Attend The TRUMP Memecoin Gala
The whale’s short positioning is interesting as he believes that Bitcoin will drop in the coming days. The savvy trader appears to know something that most crypto investors don’t, pointed out by its move to open the massive $50 million Bitcoin short ahead of President Trump’s upcoming crypto speech.
New sources reveal that President Donald Trump will deliver a speech to a cryptocurrency conference tomorrow, on Saturday, April 25, when the US President will deliver a keynote address at an exclusive TRUMP crypto memecoin holder gala luncheon. Top TRUMP meme coin holders are expected to attend the event and have a private reception with the president directly.
Aligned with this event, the whale deployed big leverage short on Bitcoin, betting strongly that a market decline is incoming. The timing raises uncertainty as the whale might know what’s about to occur. The upcoming speech could be a trigger for a rebound or market suppression, depending on what the president addresses.
BTC Correction To Remain
Bitcoin, whose price currently trades at $77,720, has been up 2.6% and 9.1% over the past week and month, respectively, indicating capital inflows into the market, according to data from CoinGecko.
Whales on the Hyperliquid trading platform currently hold positions worth $3.618 billion, with Coinglass data disclosing that long positions account for $1.835 billion, making up of 50.73% of the total, while short positions are valued at $1.783 billion, representing 49.27%.
This shows that Bitcoin is still likely to experience a correction in the next few days to new weeks as long-short ratio is in equilibrium, indicating a perfect balance between bullish and bearish sentiment across major exchanges and revealing that the market is at a critical decision point.
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