The downward pressure intensified after US President Donald Trump declared that the US would impose a 100% tariff on Chinese goods. As a result of this announcement, over $5.5 billion was liquidated from the crypto market in less than an hour, with the Bitcoin price briefly falling to as low as $101,500.
While the price of Bitcoin steadily dropped towards $117,00 during the day, blockchain analytics platform Lookonchain revealed that this Bitcoin OG kept piling up their short positions up to $1.1 billion. Following the BTC crash below $110,000, this large investor made a profit of over $160 million, leading to speculations about them having insider information.
Maartunn went further to highlight the large holder’s activities in the past few months. According to the analyst’s post on the social media platform X, this Bitcoin OG started selling part of their 86,000 Satoshi-era BTC stash when prices peaked around August 2025.
Similarly, the BTC whale took to shaving off their holdings again when the Bitcoin price ran up to new highs in early October. What’s more interesting is that the Satoshi-era investor soon opened leveraged short positions on both Bitcoin and Ethereum on the Hyperliquid platform.
As of this writing, the price of BTC stands at around $113,250, recovering swiftly from the plunge to around $101,500. However, the premier cryptocurrency is still down by nearly 7% in the past 24 hours.
