A major crypto trader closed a high-leverage BTC short during Trump’s tariff remarks, adding $208,624 profit to an $8.89M gain before moving into diversified long positions.
On October 31, blockchain data from OnchainLens revealed that a large-scale trader opened a 40x leveraged Bitcoin short during U.S. President Donald Trump’s tariff-related comments, later exiting for a $208,624 profit. This trade contributed to a cumulative $8.89 million in gains before the address, identified as 0x343, switched to heavily leveraged long positions totaling $53.04 million across BTC, ETH, XRP, and TRUMP tokens. The portfolio allocation comprised $32.74 million in Bitcoin, $14.91 million in Ethereum, and $27.90 million in XRP, reflecting a shift from short-term profit-taking to aggressive bullish positioning.