• Bitcoin withstands major volatility, holding key support despite a massive $200 million short trade ahead of Trump news.
• Analysts note BTC remains above critical levels, with the 21-week EMA still providing resistance in short-term charts.
• $200 million short yielded $104 million profit, fueling speculation about market timing and possible insider activity.

Bitcoin’s price saw a sharp pullback following a major short position that made a profit just before Donald Trump’s announcement. It sparked speculation throughout the market, but analysts point out that important technical support levels are still intact. Even with the volatility, Bitcoin’s long position remains firm for the moment.

At the time of writing, Bitcoin is trading at $ 112,302, a price decreased by 7.37% in the last 24 hours. The BTC holds a market capitalization of $2.23 trillion and records a 24-hour trading volume of $215.94 billion, signaling heightened market activity amid growing uncertainty.

Bitcoin Market Reacts To Trump Announcement

Popular market analyst Crypto Rover reported that a $200 million Bitcoin short position was opened just a few minutes before the announcement of U.S. President Donald Trump, a transaction that turned out to be extremely well-timed.

The position was closed when the market bottomed out, reaping a remarkable $104 million gain, prior to the funds being immediately withdrawn. This news generated furious speculation that there must have been insider information or collaboration between markets.

Also Read | Bitcoin Crashes Below $105k as Trump’s 100% China Tariff Triggers Huge Sell-Off

Bitcoin Holds Key Support Despite EMA Warning

Adding to the technical outlook, another analyst, More Crypto Online, pointed out that Bitcoin’s price remains resistant to its short-term indicator, the 21-week Exponential Moving Average (EMA).

He warned that a close of a weekly candle below this level may lead to a fall towards the 55-week EMA, which rests just beneath the $100,000 support level. Such a breakout, he observed, will be the first clear indication that the current bull run may be losing its steam.

However, for now, the key support levels are still in place, and BTC still stays between its larger bull channel. Pundits concur that as long as BTC stays above key levels of support, the long-term picture remains healthy, regardless of day-to-day fluctuations.

Current setup indicates a consolidation phase in which institutional actions and macroeconomic developments, such as Trump’s recent outing, have the potential to induce rapid responses in Bitcoin’s value.

Investors are currently observing to determine if BTC will be able to sustain its ground above $110,000 or if this correction provides a lead-in to a steeper retracement.

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