Bitcoin Trading Insights

As reported by Bitcoinsistemi.com, a trader opened a long position of $95 million on Ethereum last night.

Today, US President Donald Trump announced plans to establish an official cryptocurrency reserve, which will include Bitcoin, Ethereum, Cardano, XRP, and Solana. If Trump is unable to pass the proposal in Congress, he still has the option to purchase these assets through the sovereign wealth fund.

There are claims that the whale trader may be an insider from Trump’s circle, given the substantial long position opened just before today’s announcement. FatMan, an anonymous analyst known for uncovering the Terra (LUNA) scandal, reported that the trader made a profit of $5 million today, starting with $4 million in original assets.

It seems this trader has closed their long position on Ethereum following the recent rally. When asked why this alleged insider chose to open a position on ETH instead of SOL, XRP, or ADA, FatMan suggested that the insider might have anticipated a tweet but was unsure of its specific content.

> This is not investment advice.