$600M Bitcoin Short Sparks Fear – Is BTC’s $110K Under Threat?

To set the stage: It’s been a whole week since the $19 billion wipeout, and the market still can’t figure out how to keep its balance. 🧐 No sign of FOMO yet, with spot demand for Bitcoin [BTC] as lukewarm as a cup of tea left out overnight. Fear is the reigning champ of market sentiment right now. Saying $110k is solid support for BTC? Hilariously premature.

Meanwhile, Donald Trump has thrown fuel on the fire. Does this mean BTC’s prepping for another meltdown? According to the early signals, the “smart money” is already pricing it in like they’ve seen this show before. 🍿

Trump Confirms Trade War Pressures Will Persist

Trump, in true Trump fashion, was like, “Yep, we’re still in the trade war, folks!”-just in case anyone thought the drama was over.

In a recent panel, when asked if the market should factor in a “sustained” trade war with China, he basically said, “Buckle up, buttercups!” Tariffs are staying on the table, and China’s going to feel it starting November 1st. Market reaction? BTC went up by a tiny 0.68%-not exactly the explosive rebound we were hoping for. 💥

So, yeah, Bitcoin’s still not locking down $110k like it’s its new home address. 🏠

Zooming in: BTC is down 3.23% this week. It couldn’t hold $115k mid-week, and it ended up plummeting back toward $110k. Talk about a rollercoaster of emotions. 🚀

Simply put: BTC’s structure is being put to the test harder than my ability to avoid spoilers.

But wait! The $600 million in short positions is like a giant neon sign that says, “More downside is coming.” Some traders are rubbing their hands together, waiting for more profits. 🤷‍♀️

$600M BTC Shorts Raise Market Suspicion

Timing in this cycle is playing out like a bad rom-com. Just a week ago, before the $19 billion wipeout, AMBCrypto noticed a $420 million BTC short at $121k. It was the biggest bet in months, and you guessed it-it cashed out big, sparking the inevitable “insider trading” whispers. 👀

Now, we’ve got a repeat performance. A whale dropped $600 million in shorts across multiple assets, with $194 million on BTC at 10x leverage. And just in case you were thinking this was just a coincidence, the trade went live *90 minutes* before Trump reminded us about the trade war. Hmmm, curious. 🧐

Let’s just say this isn’t your average, everyday move. The timing feels like it came with a strategic map and a lot of coffee. ☕

With the U.S.-China trade war heating up, dip-buyers nowhere to be found, and BTC’s $110k support hanging by a thread, this $600 million short looks less like a coincidence and more like a strategic hit. Will it work? History seems to think so.

In short: another leverage flush might just be in the cards. Place your bets, folks. 🎲