BREAKING: MASSIVE #BITCOIN WHALE TURNS BEARISH.
— Jacob King (@JacobKinge) October 9, 2025
A single trader just opened a massive $420 million short on $BTC through Hyperliquid.
He deposited $80 million in USDC and used over 5x leverage to bet against BTC. On top of that, he transferred $50 million to Binance, likely to… pic.twitter.com/LHI1tBhO9Q
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3 responses to “Bitcoin”
My night gardening is long on both gold and silver.
What is Bitcoin backed by? Well, that is its actual worth and it will eventually settle at that level.
At least the US dollar is backed by the willingness of the US GOVERNMENT to STEAL THE WEALTH of US citizens to cover its debt obligations (aka Federal Reserve Notes). That’s in no way an endorsement of those horrible green pieces of fabric with dead presidents on them…just pointing out another issue with Bitcoin…nothing at all backing it.