Trader Who Made $160 Million Shorting Bitcoin, Ethereum Before Trump's Tariff Threat Is Doubling Down: 'Did Someone Know'

Core Insights - A trader known for successfully shorting Bitcoin before its recent crash has increased their bearish position despite a market rebound [1][2] Group 1: Trader's Position - The investor opened a short position at $117,369 and is currently sitting on an unrealized profit of $3.70 million, with a leveraged position valued at over $163 million [2] - If Bitcoin reaches $123,510, which is 7.59% away from its current price, the trader will face liquidation [2] Group 2: Market Reaction - The trader's bet was made even as Bitcoin regained $115,000 on Sunday, indicating a strong market rebound [3] - The cryptocurrency market experienced a significant downturn following President Trump's threat to impose 100% tariffs on China, which coincided with the trader's initial short positions [4][5] Group 3: Insider Trading Speculations - The trader has drawn attention for opening multi-million dollar short positions on Bitcoin and Ethereum just before significant market-moving announcements, raising suspicions of insider trading [3][5]