Particle.news
Download on the App Store
5 ARTICLES
·
3h ago

Trump Confirms Oct. 31 Xi Meeting as $255M Crypto Longs Coincide With Rebound

A swift on-chain bet with a price rebound highlights traders positioning for policy clarity before late-October policy events.

Insider whale opens $255m btc, eth longs as trump confirms oct. 31 meeting with china

Overview

  • President Trump said he will meet China’s Xi Jinping on Oct. 31 at the APEC summit in Seoul, marking a shift from last week’s hardline tariff stance.
  • Bitcoin and Ethereum rose roughly 2–3% within hours, with the broader crypto market regaining more than $100 billion in value.
  • On-chain analysts reported a $255 million set of leveraged longs across Bitcoin and Ethereum, including a 25x long on 21,966 ETH by wallet 0x89Da.
  • The same identified whale later opened a roughly $76.1 million Bitcoin short with 10x leverage, pointing to potential near-term volatility.
  • Analysts also noted Beijing’s removal of WTO envoy Li Chenggang as a possible diplomatic signal, while traders watch the Oct. 28–29 Federal Reserve meeting and the Oct. 31 APEC talks for direction.