Whale’s Bold Bitcoin & Ethereum Short Nets $3.3M In Minutes

One high-rolling crypto whale has decided to catch the moment of Donald Trump’s global tariff chaos imploding on the market. Neighboring Canada has witnessed some United States tariffs raised to 35%, with many politicians calling it obnoxious.

To illustrate, New Zealand’s Minister of Trade Tom McClay deemed both the 15% New Zealand & the 10% Australian tax “unwarranted”. On the other hand, that’s nothing compared to the high tax rates in the Southeast Asian regions, where Laos, Syria & Myanmar are facing a full-fledged 40% tax on any tradeable items.

Whale Whips Market Dip Into $3.3M Sauce

Crypto currency sharks & whales are large-scale investors who tend to predict shifting market trends, often affecting the market value with hefty transactions. Right before the market dipped on the global tariff shenanigans, crypto trader Qwatio played a very risky leveraged play on both Bitcoin (BTC) & Ethereum (ETH).

Qwatio shorted the leading digital asset with 40x leverage, an extreme level of volatility that can get wiped out in seconds. Moreover, this high-rolling crypto whale slapped a 25x leveraged short-sell on Ethereum (ETH), gulping up $3.3 million in unrealized gains, per LookOnChain’s estimations.

However, these gains are decreasing closer to $3 million at publication time, as Bitcoin (BTC) is bouncing off the intra-day lows of $114,326 hit on Friday morning. Switching hands at $115,653, Bitcoin (BTC) is down 2.3% in 24 hours, yet still 7.7% up in monthly terms.

Meanwhile, Ethereum (ETH) shines with 49.4% gains in 30 days, but took a bigger hit on Friday in contrast to the flagship crypto asset. Ether’s price (ETH) sank 6.6% to retest $3,607 for a slight evening bounce back to $3,662, according CoinGecko’s price data.

Discover DailyCoin’s latest crypto scoops:
Ripple’s $125M Escrow Puzzle Sends XRP Price Spiraling
BTC, ETH, XRP, SOL React to Trump’s Tariff Shock

People Also Ask:

What’s short-selling crypto? Short-selling is borrowing Bitcoin (BTC) or Ethereum (ETH), selling it, and buying it back cheaper to profit. It’s risky if prices rise.

How did the whale make $3.3M? A whale shorted BTC and ETH with high leverage (40x BTC, 25x ETH), gaining $3.3M in unrealized profits in minutes as prices fell, per LookOnChain.

What’s leverage? Leverage boosts trade size (e.g., $1 controls $40 at 40x), amplifying gains or losses. The whale’s high-leverage bet was highly risky.

Why short BTC & ETH? The crypto whale likely bet on a price drop, but motives aren’t clear. It’s a speculative move based on expected market timing.

Will this impact BTC/ETH prices? Large shorts may affect prices if closed, requiring buying back crypto. Check DailyCoin for updates, as X posts aren’t fully verified.

.social-share-icons { display: inline-flex; flex-direction: row; gap: 8px; border-radius: 8px; border: 1px solid #dedede; padding: 8px 16px; margin-bottom: 8px; }

.social-share-icons a { display: flex; color: #555; text-decoration: none; justify-content: center; align-items: center; background-color: #dedede; border-radius: 100%; padding: 10px; }

.social-share-icons a:hover { background-color: #F7BE23; fill: white; }

.social-share-icons svg { width: 24px; height: 24px; }