Bitcoin Falls to $101,500 Amid US-China Trade War Rumors
The crypto market experienced a significant downturn on October 10, with rumors of a US-China trade war contributing to the decline. President Trump's announcement of a 100% tariff on Chinese goods led to $5.5 billion being liquidated from the market in less than an hour.
- Bitcoin's price briefly fell to $101,500 before recovering to around $113,250, though it remains down nearly 7% over 24 hours.
- A Satoshi-era Bitcoin investor was identified as potentially having insider information, profiting significantly by shorting BTC during the crash.
- This investor had previously reduced their holdings when BTC prices peaked in August and again in early October, then opened leveraged short positions on both Bitcoin and Ethereum on Hyperliquid.
- Speculation arises about possible insider ties to the US government due to the timing and nature of these trades.
