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The Bitcoin value slid 3% up to now 24 hours to commerce at $111,910 as of three:51 a.m. EST on buying and selling quantity that plunged 23% to $73.3 billion.
This comes as a whale investor, who earned near $200 million by shorting Bitcoin and Ethereum simply earlier than Donald Trump’s tariff announcement in opposition to China on October 10, doubled down on one other quick in opposition to BTC with 10x leverage
Knowledge from Hypurrscan exhibits {that a} the whale dealer and potential ”Trump insider’ with the handle “0xb317” on the decentralized derivatives trade Hyperliquid deposited $40 million in USDC.
Shortly after that, the whale constructed a 10X quick place in Bitcoin valued at round $340 million.
Based mostly on the account’s entry value of $116,009, it has already amassed greater than $700,000 in unrealized income.
BREAKING: TRUMP INSIDER WHALE IS NOW SHORT $340M $BTC
The HyperUnit Bear Whale who shorted $700M of $BTC and $350M of $ETH proper earlier than Friday’s market crash (making ~$200M complete) simply deposited $40M USDC to HL and shorted one other $127M $BTC.
He’s now quick $300M $BTC and has… pic.twitter.com/b2rpzmkofZ
— Arkham (@arkham) October 13, 2025
After some analysts prompt that the account belongs to former BitForex CEO Garret Jin, he confirmed that he’s related to it, however stated that the account is his “purchasers’ fund,” not his private account.
Will the whale’s prediction show proper once more or can the value maintain help to get better?
Bitcoin Value Indicators Sign A Continued Bearish Transfer
After a sustained drop from the $118,000 resistance to the $108,600 help in September, the BTC value recovered properly by the top of the month.
This allowed the Bitcoin value to the touch the all-time excessive (ATH) at $126,080 on October 6. Nonetheless, BTC fashioned a rounding high sample, which is mostly a bearish sample. This pushed the value of BTC to fall again to the help zone round $110,337 (1.618 Fib stage).
Regardless of staging a restoration over this help, BTC was rejected across the $115,690 space, ensuing within the present downtrend.
Bitcoin has additionally constantly traded beneath each the 50-day and 200-day Easy Transferring Averages (SMAs), indicating that the main cryptocurrency by market capitalization has been in a sustained bearish pattern.
In the meantime, the Relative Power Index (RSI) is retracing again in direction of the 30-oversold stage, presently at 37 from the 50-midline vary, which might help the general bearish pattern.
The Pattern-Based mostly Fibonacci retracement on the BTC/USD 4-hour chart exhibits a powerful rejection close to the 0.382–0.5 ranges (round $121K–$122K), confirming bearish momentum.
BTC Approaches $110K Assist Zone
Based mostly on the BTC/USD chart evaluation, the BTC value is presently on a sustained bearish pattern, which might see the asset plunge much more.
Assist lies close to the 1.618 extension ($110K). RSI at 37 signifies weakening momentum and potential oversold situations. Except the value of Bitcoin reclaims $118,000–$120,000, additional draw back towards $110K and even the two.618 extension ($100,600) stays possible within the quick time period.
This comes as Ali Martinez, a well-liked crypto analyst on X, says that the value of BTC might revisit the $100,000 stage.
If the bull finds help because of the oversold RSI, the Bitcoin value might rally in direction of the 1 Fib stage at $116,338 and even greater on the 0.786 Fib stage at $118,416.
For the bullish case, BitMEX co-founder Arthur Hayes said on the X platform that bankers have acquired a touch from Jamie Dimon (CEO of JPMorgan Chase) that it’s time to create extra credit score for the American business.
Banksters acquired the trace led by the Grand Grasp Jamie Dimon, time to create credit score and lend to US business. Extra {dollars}, extra $BTC quantity go up! QE 4 Poor Individuals in motion. pic.twitter.com/dBI4fuiDoT
— Arthur Hayes (@CryptoHayes) October 14, 2025
Quantitative easing concentrating on the “poor” is underway, and the elevated liquidity of the US greenback might drive up the value of BTC, he stated.
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