Bitcoin and Ethereum Short Positions Hit $1.1 Billion After Tariff Announcement

A large-scale cryptocurrency market move has sparked intrigue in the industry. A whale reportedly opened a significant short position of over $1.1 billion on both Bitcoin (BTC) and Ethereum (ETH), just minutes before US President Donald Trump announced 100% tariffs on China on October 10th. The trades closed shortly after, generating an estimated profit of around $190-$200 million. This event coincides with a major crypto market sell-off that experts have attributed to the tariff announcement. While some speculate the Trump family profited from these moves, there’s no concrete evidence supporting this claim. ]