Bitcoin faced pressure with a rise in leveraged short positions as influential traders, referred to as whales, anticipated potential downward movement following another announcement from US President Donald Trump.
Key Highlights:
- Whales adjust their stance to bearish on Bitcoin’s price shortly before Trump addresses the public.
- Significant market bets emerged since October 10, when Bitcoin peaked at $102,000 on Binance.
- Analysts highlight $107,000 as a critical support level going forward.
Bitcoin (<BTC>) seems poised for another drop as big traders shift their strategies.
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
Renewed Short Positions by Whales
Recent data indicated that whales have reopened positions shorting Bitcoin, intensively wagering against positive price movement. Traders observed Bitcoin struggling to maintain the $110,000 level due to dwindling optimism.
With Trump set to make a notable announcement at 3 PM EST, substantial traders are speculating on negative news.
Kyle Chasse remarked on a notable short positioned by one whale leveraging 40 times.
“INSANE!!! A whale deposited $3M $USDC into Hyperliquid recently, shorting $BTC with 40x leverage!!! Trump is also making an announcement from the White House today. COINCIDENCE??? 🤔” — Kyle Chasse / DD🐸 (@kyle_chasse) October 23, 2025
Translation: “INSANE!!! A whale deposited $3M $USDC into Hyperliquid recently, shorting $BTC with 40x leverage!!! Trump is also making an announcement from the White House today. COINCIDENCE??? 🤔”
Chasse noted a cluster of potential liquidations just above $106k might impact market movement.
BTC liquidation heatmap. Source: Kyle Chasse/X
Per Cointelegraph Markets Pro, recent whale positions have increased significantly, suggesting a cautious sentiment among investors in response to the uncertain news from Trump.
Additional analytics from Glassnode reveal that many traders are adopting defensive strategies.
“This suggests traders are positioning defensively into strength while the market consolidates.”
Bitcoin options net premium strike heatmap. Source: Glassnode/X
Ongoing Bearish Forecasts
Market analysts maintain their cautious outlook, warning of potential issues if the quantifiable metrics continue to decline. Roman, a trader expressing concern about trading volume, has cautioned that a breach below $107,000 could trigger more sell-offs.
“So far we’ve held but I wanted to show that it’s not just a horizontal support, it’s a diagonal support for a near year and a half long uptrend.” — Roman’s analysis to X followers.
BTC/USD one-week chart. Source: Roman/X
Concurring with these sentiments, trader Daan Crypto Trades stressed the importance of the $111,000 threshold for sustained recovery in price action.
“The $107K level is crucial to hold moving forward.”
BTC/USDT perpetual contract four-hour chart. Source: Daan Crypto Trades/X
This article does not provide investment advice or endorsements. Every trading decision carries risk, and it is advised that readers conduct their own research.
