Bitcoin Whale’s High-Stakes Bet Sees Big Drop After Trump Tariff Threat

A major Bitcoin whale, known as 0x3537, took a high-risk gamble with a $3.46 million long position on 31.44 BTC just hours before a potential tariff threat from former President Donald Trump. This move came in the wake of Trump’s warning that China could face a 155% tariff if no trade deal is reached by November 1st, leading to a sharp decline in Bitcoin prices. The whale’s position was publicly verifiable, highlighting the unpredictable nature of market reactions to global events. 0x3537’s move serves as a reminder for traders that political rhetoric can significantly impact crypto markets, even when positions seem technically sound.