Bitcoin Whale Shorted $1.1B Right Before Tariffs
cryptonews.com
cryptonews.com
Real monkeys paw action here tho because I always liked the idea of BTC as a viable alternate to USD, but, not like this.
There's a been a lot of people doing moves ahead of other tariffs announcements.
They see a giant position placed ahead of a movement in the market and then ask the exchange who placed those trades. The only difference between an exchange and crypto is that cypto you can also see.
Like… what!?
I have no words.
The whole monica lewisnky thing happened because there was an investigation into Clinton making maybe 100k off a partnership with a guy who later got arrested.
Granted that was over 20 years ago now, but like, hillarys emails???
Bitcoin maybe as useless as gold, but that doesn’t make it more or less valuable.
Specifically, central banks run by scammers and imbeciles. Nobody with any brains is going to put their reserves in something whose only value comes from the existence of greater fools and has the downside of propping up the North Korean government.
If potato prices rise but soybean prices fall, then you can say potatoes got more expensive, soybeans got cheaper, and the dollar is worth the same. But if prices go up all across the economy in general, that is dollar devaluation.
Side question - would you consider the converse, globalization, to be a deflationary force?
China announced their rare-earth restrictions on 10/9. Trump predictably over-reacts with tariffs on 10/10. The trader had plenty of reason to expect new tariffs, and some reason to expect Bitcoin to go down.
If I were corrupt, I'd always make sure there was some justifying event in advance of my trade, even if I knew there was to be some precipitating event for a market swing. Plausible deniability.