A crypto whale opened a $255 million long position in Bitcoin and Ethereum as the market reacts to signs of easing US-China tensions.
summary
- Insider whales opened $255 million long in BTC and ETH after President Trump confirmed his meeting with Xi Jinping.
- The market rose 3% as traders priced in an easing of tensions between the US and China.
- Fed rate cuts and ETF approvals are seen as short-term tailwinds.
On October 20th, on-chain analyst Wimar.x reported that an insider with a perfect trading record had opened large leveraged longs in both Bitcoin and Ethereum.
🚨Breaking news
Insider with 100% Win Rate Just Opened Long $BTC and $ETH worth $255M
He definitely knows something 👀 pic.twitter.com/hwAkXPzBwW
— Wimar.X (@DefiWimar) October 19, 2025
Another on-chain analyst, Emelu.eth, flagged a major position by wallet 0x89Da, opening a 25x leveraged long at 21,966 ETH ($99.5 million). This address has a previous win rate of 81% over 53 trades, generating over $2 million in realized profits.
Whale activity increases after President Trump approves meeting with China
The timing of the move coincided with US President Donald Trump’s confirmation that he would meet with Chinese President Xi Jinping at the APEC summit in South Korea on October 31st. Trump called Xi a “very strong leader” and said the meeting aimed to reach a “fair deal” that would mark a break from recent tariff disputes that have rocked global markets.
You may also like: This week’s crypto market news: Bitcoin, the main catalyst for altcoins
The talks are expected to focus on such issues as the removal of tariffs that have weighed on both countries’ economies, the resumption of exports of U.S. agricultural products, and restrictions on rare earth exports.
Bitcoin and Ethereum rebound as traders bet on easing tensions
This announcement served as a catalyst for a recovery in digital assets. The global cryptocurrency market capitalization rose 3% in the past 24 hours to $3.8 trillion. Bitcoin rose 1.2% to over $110,000, while Ethereum rose 2% to $4,041. The Crypto Fear & Greed Index remains at 29, indicating that caution remains but sentiment is improving.
Future triggers include the October 28-29 Federal Reserve meeting, which is expected to cut interest rates by 25 basis points, and the potential approval of altcoin ETFs such as XRP and Solana. Experts predict that these factors and easing trade tensions could extend the economic recovery until the end of October.
read more: Bitcoin price rebounds above $110,000 as market focuses on recovery
