A $380 million short position held by a Bitcoin whale might be liquidated due to rumors of Trump insider knowledge and a concerted attempt to raise the price of the cryptocurrency.
After taking a risky $380 million short bet, a Bitcoin whale may be liquidated. There is increasing conjecture that this investor could possess inside knowledge regarding US President Donald Trump. This is turning into a big crypto confrontation, with traders allegedly banding together to drive the price of Bitcoin high enough to start the liquidation.
Bitcoin whale faces liquidation woes
Gordon, a market specialist, claims that a whale has doubled down on a huge Bitcoin short position. The investor first staked $380 million in a 40x leverage wager. But now that the position has been added, their new liquidation price is $86,593.
“There seems to be a group of whales trying to pump BTC to liquidate him.” Gordon posted something on X. The activity implies traders acting in concert, which is uncommon in the cryptocurrency industry but not unheard of. Notably, a recent CoinGape analysis indicated that Bitcoin may continue to rise in response to an increase in whale behavior.
The whale with a $380M bitcoin short has added to it, his new liquidation price is $86,593
There seems to be a group of whales trying to pump BTC to liquidate him.
Can they do it? 👀 pic.twitter.com/LaM8zmnu4F
— Gordon (@AltcoinGordon) March 16, 2025
Trump insider link fuels speculation
The whale is said to have insider information on US President Donald Trump, which is a topic of discussion. An update from Ash Crypto claims that this investor reportedly used sensitive information to justify their short position. As stated by Ash Crypto:
“Trump insider whale who opened a $380 million bitcoin short with 40x is being hunted publicly on “ X ” by a group of people who are trying to liquidate him at $86,600.”
If the rumors are accurate, it begs the issue of whether political events will have an impact on Bitcoin’s future price fluctuations. Any link between Trump and the whale’s action is hotly debated because of his changing views on cryptocurrencies.
In addition, the US’s establishment of the Bitcoin Strategic Reserve has increased market speculation.
Liquidity providers enter the game
In a startling turn of events, liquidity provider CBB also commented on the drama that was developing. The account said in a recent X post:
“If you are willing to hunt this dude with size, drop a DM, setting up a team right now and already got good size.”
CBB followed up shortly after with the mysterious statement, “The hunt has begun.” According to this remark, there is currently a concerted attempt to drive up the price of Bitcoin and start the whale’s liquidation. It can cause a sharp price spike and further market instability if it is effective.
Bitcoin price & performance
The price of bitcoin dropped around 1% today, trading at $83K, while its one-day volume soared 93% to $24 billion. The 24-hour high and low for the cryptocurrency are $85,051.60 and $82,017.90, respectively. The flagship cryptocurrency has gained more than 1% over the past seven days, despite the recent setback.
In the midst of the dismal performance, a study said that if the US stock market enters a “BEAR MARKET,” the price of bitcoin might plummet to $20K, further escalating tensions. Nevertheless, investors are closely monitoring recent Bitcoin moves, and there are growing rumors of possible insider trading in the market.
BNB price can hit fresh ATH as Mubarak leads meme coin frenzy
Following CZ’s acquisition, the price of BNB jumped 4.5% to $628 due to a surge in meme currency activity on Binance Smart Chain (BSC) headed by Mubarak.
Despite the overall pullback in the cryptocurrency market, the price of BNB is up 3.57% today and is aiming for new all-time highs above $750. As the Binance Smart Chain (BSC) registers a huge spike in meme coin activity headed by Mubarak, market mood has improved. Consequently, the DEX volumes on BSC have surpassed Solana and hit a record high.
BNB price jumps 4.5% eyes fresh all-time highs
In light of the recent events, the price of BNB has increased by 4.5 percent today, despite the fact that the larger cryptocurrency market is consolidating. BNB was trading at $632 at the time of writing, with a 21% increase in daily trading volume to $1.75 billion.
According to Coinglass statistics, open interest in BNB futures has increased by 10.72% to $875 million, indicating that traders have an optimistic view.
According to cryptocurrency researcher Pro Crypto Signals, the price of Binance Coin, or BNB, has emerged from a descending channel pattern on the 4-hour period. The expert pointed out that BNB may rise toward $720 in the upcoming days if it maintains its position above the channel structure.
However, the price of BNB must overcome the critical resistance level of $630 in order to have a robust rally in the future. This will pave the way for a significant surge to new all-time highs of $720 and higher.
Furthermore, according to speculations from last week, the Trump family may be considering investing in Binance. America. Changpeng Zhao, however, quickly dispelled the allegations, claiming that the WSJ report included false information.
BNB Chain surpasses Solana in DEX trading volume
The decentralized exchange (DEX) trade volume on BNB Chain has surpassed Solana to take the top rank with a remarkable $1.64 billion over the past day. Memecoins like Mubarak had a major role in the spike.
In the same time frame, PancakeSwap, the top DEX on the BNB Chain, also became the platform with the most trading volume, confirming its supremacy in the DeFi market. This demonstrates the increasing interest and activity in the BNB Chain ecosystem, which is being driven by advances in decentralized banking and memecoin trading.
Mubarak meme coin jumps 71%
In the last day, the Mubarak meme currency has increased by 71% because to rumors that Changpeng Zhao, the creator of Binance, has bought $600 worth of the meme coin. With daily trading volumes of $123 million, the meme currency is now trading at $0.1304 as of this writing.
However, a large number of early investors made significant gains. For instance, Lookonchain just disclosed that a trader who invested in MUBARAK made almost $521,000.
OKX suspends DEX aggregator to stop ‘further misuse’ by Lazarus
After speaking with regulators, OKX says it has chosen to suspend its DEX aggregator service.
Exchange of cryptocurrency In order to stop “further misuse” by the North Korean hacker outfit Lazarus Group, OKX has temporarily suspended its decentralized exchange aggregator.
“Recently, we detected a coordinated effort by Lazarus group to misuse our defi services,” said OKX on March 17.
“After consulting with regulators, we made the proactive decision to temporarily suspend our DEX aggregator services. This move allows us to implement additional upgrades to prevent further misuse.”
We are temporarily pausing our DEX aggregator to address incomplete tagging on blockchain explorers while we also roll out new security features. This is to address the recent coordinated attacks by media along with unsuccessful efforts by Lazarus group to misuse our DeFi… pic.twitter.com/r6oHNIaalT
— OKX (@okx) March 17, 2025
The DEX aggregator was temporarily paused for a “internal review and upgrade,” according to the OKX helpdesk, although they did not specify when this would happen.
All clients will still be able to access crypto wallet services, it stated, but it would “pause new wallet creation in select markets during this time.”
According to a March 11 Bloomberg story, the company’s DEX aggregator, OKX Web3, and its wallet services are being looked into by EU financial watchdogs for allegedly helping launder money from the Bybit breach.
“Over the past few days, we’ve faced targeted media attacks questioning our integrity and operations,” the firm stated in a blog post. It added that it “can’t ignore the fact that these attacks are happening at a time when we are actively fighting against financial crime.”
Bybit CEO Ben Zhou claims that OKX’s Web3 proxy was used to launder about $100 million of the $1.5 billion Bybit breach, some of which are now untraceable.
The “Bloomberg article is misleading,” OKX responded on March 11th, claiming that it has taken two actions in response to the Bybit attack: preventing related funds from transferring into its CEX and creating additional hack detection tools.
The objective, according to OKX, is to make sure that explorers appropriately highlight the deals that are really processed by DEX “instead of mistaking our aggregator as the point of trade.”
In addition to a method to follow the hacker’s most recent addresses and ban them on its centralized exchange in real time, the exchange has already implemented a “hacker address detection system” for its DEX aggregator.
We already rolled out a lot of controls for OKX Web3 to fight with the misuse including prohibited markets’ ip blocking and real-time black address detection and blocking system. We will continue working hard to build the industry control standards with our global partners.
— Star (@star_okx) March 17, 2025
The firm also clarified that the OKX Web3 DEX aggregator is not a custodian of customer assets, adding that its function is to provide access to liquidity across multiple protocols. However, “some have deliberately misrepresented our platform,” it said.
