New crypto account shorts Bitcoin right before 100% tariff announcement

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#1Jul 4, 2021, 12:30 AM
So, there’s this new crypto account that popped up yesterday morning. Just half an hour before Trump dropped the bomb about those 100% tariffs on China, it opened a massive leveraged short position on Bitcoin worth millions, according to YF. Then boom, the market took a dive. This trader walked away with a cool $192 million profit in just two hours. Any guesses on who pulled this off?
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#2Jul 4, 2021, 05:45 AM
So where is the proof? At least something. Even the post you brought from "Threads" has no picture to show what the person claims has some truth to it. How doesn't anybody believe news like that? It's blockchain, right? Where is the transaction ID at least? No need for all this hearsay.
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coin_zeroNewbie
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#3Jul 4, 2021, 10:35 AM
I also follow unusual accounts on social media and some kind of things that account owners post, but I don't believe all of it without any proof. Aside from him dropping that, I have also come across such speculation somewhere, but without proof we never can tell, but if that truly happened, then that should be the work of an insider who got the information early, and before the announcement was made, he took advantage of it.
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mr_vectorMember
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#4Jul 6, 2021, 04:10 AM
Unfortunately, the author doesn't mention on which crypto exchange such account was made. Maybe the whole Threads post is a lie, but I have a reason to believe that it is true. Insider trading will exist as long as the financial markets exist. I wouldn't be surprised, if a member of the Trump administration knew about the new tariffs and made this account. I saw a Youtube video made by a former quant trader, where he explained that prediction markets like Polymarket would be the main place, where insider traders would monetize their secret information, since insider trading on such prediction markets isn't considered illegal.
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#5Jul 6, 2021, 04:57 AM
If there were concrete, verified evidence, I'm quite confident that there would be people taking advantage of the situation, say someone inside already knew that Trump would impose 100% tariffs on China. But the question is, who exactly are they? Personally, I feel the current market is very easily manipulated by certain groups. Or perhaps, we ourselves, as market participants, especially in the crypto world, are too easily influenced. Clearly, the events of October 10th have caused many people to lose money.
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