Core Insights - The article discusses a significant market reaction to Trump's recent tariff comments, leading to a sharp decline in the stock market and cryptocurrencies, with a notable trader profiting $160 million from shorting Bitcoin [1][2]. Group 1: Market Reaction - Following Trump's tariff announcement, over 1.6 million cryptocurrency traders were liquidated, indicating a massive sell-off in the market [2]. - Bitcoin's price fell to $113,312.50, down $1,956.30 or 1.7%, after briefly exceeding $115,000 earlier [3]. Group 2: Trader's Actions - A mysterious trader opened short positions worth millions on Bitcoin and Ethereum before the tariff news and closed most positions for a profit of $160 million [2]. - The trader, identified as Garrett Jin, deposited $40 million in USDC and subsequently established a $340 million short position on Bitcoin, which could lead to significant losses if Bitcoin's price rises to $130,460 [2][3]. Group 3: Industry Concerns - Jin acknowledged that the account is related to him but stated that the funds belong to his clients, emphasizing the need for better risk management in the cryptocurrency industry [4]. - He criticized exchanges for offering high leverage on assets lacking intrinsic value, suggesting that they should implement stability mechanisms similar to those in the U.S. stock market to restore trust and ensure market health [4].
震惊加密市场的神秘做空者澄清:不认识特朗普 没有内幕交易
财联社·2025-10-14 05:55