Bitcoin OG, Who Profited From Trump’s China Tariffs, Now Holds $234M in BTC Short Position: Arkham

Why It Matters

The bet underscores continued market skepticism despite the rebound and raises scrutiny given the trader’s timing and prior profits amid volatility tied to macro moves and trading‑platform issues.

Summary

An anonymous Bitcoin “OG” who reportedly made about $200 million shorting BTC ahead of the Oct. 10 sell‑off has reopened a large bearish position, building a $234 million short on decentralized exchange Hyperliquid, Arkham data shows. The position’s liquidation price is $123,000, putting it at risk if BTC resumes the recent rally from its Oct. 10 low near $104,000 (it traded around $108,500 after peaking near $114,000). The bet underscores continued market skepticism despite the rebound and raises scrutiny given the trader’s timing and prior profits amid volatility tied to macro moves and trading‑platform issues.