This Crypto Trader Made $160 Million Profit During Trump’s Market Bloodbath

A crypto whale has pocketed over $160 million in profits after correctly betting on Bitcoin and Ethereum’s recent price decline.

On October 11, blockchain analysis platform Lookonchain reported that a long-term Bitcoin holder had opened more than $1.1 billion in short positions on the top two cryptocurrencies by market capitalization.

The trader effectively wagered that both assets would drop in value despite their recent bullish momentum.

Within just 30 hours, that prediction proved right—Bitcoin and Ethereum prices fell sharply, earning the trader an estimated $160 million in realized profit.

Insane — over $160M profit in just 30 hours!