Whale Opens $255 Million Bitcoin Longs as Trump Confirms Key Meeting With China

Crypto markets stirred after an insider known as “Whale” opened large long positions in Bitcoin and Ethereum worth around $255 million. The move came right after U.S. President Donald Trump confirmed that he will meet with Chinese President Xi Jlnping on October 31 during the APEC Summit, reigniting hopes that tensions between the two superpowers could ease.

Trump Softens His Tone Toward China Just a week ago, Trump shocked global markets by announcing 100% tariffs on Chinese goods, triggering a massive sell-off across both traditional and crypto markets. But now, the President has shifted his rhetoric, assuring Americans that relations with China “will be fine” and calling Xi Jlnping a “highly respected leader.” He even suggested that the new tariffs “might not be necessary after all.” This sudden change of tone is being read by investors as a signal of potential trade de-escalation — and that’s exactly what the Whale appears to be betting on. The trader, known for their remarkably precise timing, is clearly anticipating a rebound in sentiment.

Insider Whale Bets Big on Bitcoin and Ethereum Blockchain data shows that the investor opened long positions in Bitcoin and Ethereum totaling $255 million, signaling confidence in an upcoming market recovery. Analysts interpret this as a bullish wager on improving geopolitical relations and renewed appetite for risk. While traditional investors wait for concrete diplomatic outcomes, crypto traders are already positioning themselves for upside momentum. Some experts believe that any sign of progress between the U.S. and China could push Bitcoin toward new monthly highs.

Beijing Signals a Strategic Shift Adding to the optimism, Beijing recently recalled its ambassador to the WTO, Li Chenggang, known for his confrontations with U.S. officials, including Treasury Secretary Scott Bessent. Analysts see this move as a sign of a softer diplomatic stance and possible preparation for more constructive bilateral negotiations with Washington.

Markets React Instantly Following Trump’s announcement of his planned meeting with Xi Jlnping — to be held in Seoul — Bitcoin surged nearly 3% within hours, while Ethereum climbed 3.48%, trading around $4,038. The broader crypto market also added over $100 billion in value within just ten hours.

Despite the optimism, the same insider whale also opened a short position worth $76.1 million with 10× leverage, hinting at possible short-term volatility. Last week, this whale expanded their Bitcoin short to $127 million after earning more than $735 million from successful short trades earlier in the month.

Outlook: Bitcoin Faces a Test of Confidence Analysts agree that the coming days could be crucial. If the upcoming Trump–Xi meeting signals a thaw in U.S.–China trade relations, it could act as a strong catalyst for Bitcoin and Ethereum to continue rallying. However, if talks fail, markets could face another bout of turbulence. For now, sentiment remains cautiously optimistic — and the Whale seems to be preparing for the next big upward move.

#TRUMP , #china , #cryptotrading , #bitcoin , #Ethereum

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