BlockBeats reported on Sept. 11, citing TradingBeats, formerly known as Hyperinsight, that tonight’s CPI release could trigger sharp market moves and several whales had already taken positions ahead of the data. Among them was a smart-money trader known for entering a 4x leveraged ETH long before the Aug. 19 surge and making tens of millions of dollars in profit. That same trader has now opened a 4x leveraged short on Bitcoin. The current position stands at 640 BTC, with a reported value of $49.33 million. The update frames the trade as a pre-positioning move ahead of a potentially volatile macro event.
According to BlockBeats, TradingBeats, formerly Hyperinsight, said on Sept. 11 that tonight’s CPI release could have a deep market impact, with large price swings possible and several whales already positioned ahead of the data.
One of them is a smart-money trader who previously made tens of millions of dollars by entering a 4x leveraged ETH long before the Aug. 19 surge. That trader opened a 4x leveraged short on Bitcoin today and is now holding a 640 BTC position valued at $49.33 million.
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