On-chain data reveals blockchain addresses opened substantial BTC, ETH, and SOL shorts before October 11 crash, profiting over $160M amid tariff announcement impacts.
On October 10, several blockchain addresses funded accounts and opened large short positions in Bitcoin, Ethereum, and Solana ahead of tariff-related news from former U.S. President Donald Trump. The following day’s market crash yielded over $160 million in profits. One notable address gained $86 million from these shorts and later initiated an additional $226 million short position in Bitcoin.