A mysterious trader known as the “Trump Insider whale” has made headlines once again after opening a massive $430 million leveraged long position in Bitcoin (BTC) and Ethereum (ETH), just hours before the Federal Reserve’s key interest rate decision.
According to market data, the whale — famous for an impressive 12-for-12 winning streak in previous trades — shifted strategy from closing Bitcoin shorts earlier this month to aggressively going long as crypto prices stabilized. The trader previously gained attention for correctly predicting the “Trump tariff crash,” profiting $2.38 million after closing $86.6 million in shorts.
Some analysts speculate that this could be the same entity who placed a $255 million long position earlier in October, following reports of a meeting between former President Donald Trump and Chinese President Xi Jinping at the APEC summit. The timing of the new position suggests a calculated move anticipating market volatility tied to tomorrow’s Federal Open Market Committee (FOMC) announcement.
The FOMC meeting, which began on October 28 and concludes tomorrow, is expected to deliver another rate cut. Following a 25-basis-point reduction earlier this year, the benchmark range currently stands at 4.0%-4.25%. Nearly 98% of Polymarket traders are betting on another 25bps cut, which could further influence liquidity in both traditional and crypto markets.
Experts believe the Trump Insider whale’s position signals confidence that a rate cut will boost risk assets. Lower interest rates typically weaken the U.S. dollar and push institutional investors toward alternative assets like Bitcoin and Ethereum. With Fed Chair Jerome Powell set to speak on Wednesday afternoon, traders worldwide are bracing for heightened volatility and potential breakout movements in the crypto market.
