Not quite.

The 2025 trade had a very unusual ingredient: timing. A massive BTC/ETH short was reportedly built immediately before Trump’s surprise tariff announcement. The trader increased the BTC short shortly before the news hit and reportedly walked away with roughly $150–190M as the market collapsed.

That’s why the trade attracted so much attention.

This week’s activity looks different.

🔹 4 fresh wallets

🔹 Around $1M collateral combined

🔹 Approximately $12.5M BTC short exposure

🔹 Around 40x leverage

🔹 Positions opened near the $85K area before BTC moved lower

The wallets certainly look coordinated. Similar timing, same direction, same exchange and newly created accounts could indicate that one trader divided the position across multiple wallets.

But that doesn't automatically mean insider information.

So far, there’s no confirmed connection between these wallets and the trader involved in the 2025 event. More importantly, there isn't a comparable, identifiable news catalyst that these positions clearly preceded.

📌 The key difference:

2025: Huge position + highly unusual timing + identifiable market-moving catalyst.

2026: Coordinated leveraged shorts + fresh wallets + successful positioning ahead of a decline.

The wallet behavior is worth watching.

But calling it “the same whale” right now is speculation, not evidence.

Similar pattern.

Very different level of proof.

$BTC $ETH #Bitcoin #BTC #Crypto