The mechanism of the founder of the mechanism doubled in Bitcoin’s position of $ 200m in length
Andrew Kang, founder of the mechanism of crypto venture mechanism mechanism, seems to have doubled in his stakes that Bitcoin gets a price with $ 200 million long positions, onchain data shows.
“Andrew Kang just doubled his position in Bitcoin,” Crypto analytics firm Arkham Says In a post of April 12 x. This explains a crypto address tied to Kang has made another $ 100 million Long bet In Bitcoin (Btc) with anticipated income, or loss, of $ 6.8 million.
On April 9, Arkham mentioned That the K-napali wallet Na -Post In his reality on the social platform earlier on the same day “This is a great time to buy !!! DJT.”
Source: Arkham
A few hours later, the Trump administration announced 90-day pause In the global hiked tariff regime, which sent a crypto and stock rally. The tariffs, first released on April 2, have lived for hours earlier and that most financial markets have been exposed.
Kang Says In an April 12 x post that the Capitulation of the War War and a “Trump is putting” – the belief that the President will work to wrap the stock market – “is the perfect combination for BTC to reverse a multi -duration of dowrend.”
Kang mentioned that April 9 reality in Trump’s society could be a sign of so -called “Trump Put.” Source: Andrew kang
Meanwhile, Senate Democrats called the Securities and Exchange Commission on April 11 Letter to launch a trading of insider And the manipulation of the market manipulation with Trump and his affiliates in the post, which they said “appears to have been reviewing his plans” to pause tariffs.
Bitcoin choppy with the confusion of tariff
Bitcoin has seen more than 2% swing in the past 24 hours as Trump administration Went back -back In tariff exceptions for Chinese electronic goods.
Related: NFT trader faces prison for $ 13m tax fraud on cryptopunk revenues
Bitcoin hits a 24 -hour less than $ 83,197, wiping most of the gains it made before the weekend, but since it recovered the flat trading the previous day around $ 85,000 after a short hit of a top $ 85,315, coingecko Data Shut up.
Trump Na -Post In the fact that social on April 13 “no tariff ‘exception’ announced Friday,” April 11, but the removal of electronic Chinese “moves to another tariff ‘bucket'” of 20%.
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