“Trump Insider” Opens $15M Ethereum Short – Another Crash Coming?

The October 10th crypto crash was a surprise for many market players but not all. Now, one of those who saw it coming has opened a massive $15 million short on Ethereum, making investors wonder if another crash is imminent.

Referred to as the “Trump Insider”, the big investor opened the short position a few hours ago with a liquidation price of $5,056. Such a large liquidation gap suggests that the whale strongly believes Ethereum will go down even if it rises significantly.

Does the Whale Know Something About Ethereum?

The crypto market saw the largest single crash in its history on 10th October, wiping off $19 billion due to liquidations. This followed the announcement of tariffs against China by U.S. president Donald Trump, which led to speculation that the crash was caused by the tariff announcement.

While many were taken unawares, the insider whale wasn’t. He opened a huge short just before the crash, making $160 million in profits after the crash. The crypto space has since suspected that he knew something about the crash that no other person knew.

Now, the same whale has opened a $15 million Ethereum short with 5x leverage, causing the crypto space to speculate further about what he knows. This time, the speculation also comes with a mix of apprehension as fears of a possible correction grips the space. 

As the same whale had opened a long on Ethereum a few days ago and made roughly $500,000 in profits, the new short shows that his sentiment has changed from bullish to bearish based on some factors he has considered.

Analysts Think Differently About Ethereum

While the whale with a streak of highly accurate predictions thinks Ethereum may enter a correction, crypto analysts seem to think differently about the asset. Analysts have said the coin has shown a very bullish set up suggesting it is bound to rise higher after it bounced off the $3,000 support.

At this point, it remains to be seen who is right on the future of ethereum. However, the liquidation gap of $2,000 from the current $3,000 price shows that the whale also expects some bullish movements before a further crash in line with his expectation.

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