It seems like the cryptocurrency market is in no mood for letting up, and investors should continue to look for the best crypto to buy now. One of the major Bitcoin whales has shorted $227 million worth of BTC, opening up the conversation around a major correction on the way. Will BTC finally drop into the five-digit zone?
With the prominent Bitcoin trader known as the “Trump Insider” making this move, this certainly seems to be the future the market is heading towards. However, prudent investors can stay ahead of the curve by picking up crypto assets that still have to make their way into the market.
Bearish Stance by Trump Insider: Prelude to a Crash?
The news about the prominent trader increasing his short position on Bitcoin was broken by Cryptonews. Considering that Bitcoin is currently trading around the $108K level and intraday charts showing choppy price action, there is growing uncertainty in the market.
With no clarity around whether the BTC price is heading upwards or down, it is likely that many prominent investors are planning to cut their losses. This happened before as well, just hours before the massive Bitcoin price dump following Trump’s tariff news, when the same Bitcoin shorter made nearly $200 million.
Coming back to Trump Insider, the prominent investor has been known to indulge in aggressive shorting. Earlier this week, the trader moved $30 million in USDC to Hyperliquid to open a $76 million short, and days before that, he increased his total short exposure to BTC by $392 million.
But the shorter’s bearish moves aren’t stopping here. Onchain Lens, citing data from Hyperbot, reported that the trader transferred 3,003 BTC, roughly worth $228 million, to Binance on Wednesday, and only recently, another 200 BTC was moved by him to expand his short position.
Now the big question: will the Bitcoin price go down?
It cannot be said for certain. What can be said is that there should be a pause on the upside for now, which means the current support levels, which are $107K, $100K, and $92K, should be watched closely.
Investors should focus on major liquidation events or situations where large short positions are forced to cover, which means if Bitcoin goes through a sudden rally, there could be a sharp move upwards due to a short-squeeze event.
Analysts on X are divided into two teams. Some are too bullish, while others are being cautious. Going with the cautious investors is a good choice right now. Friday’s crucial CPI print will also have a major impact on the market, according to Tom Tucker.
While patience is the game that needs to be played for BTC traders, those who are seeking the best crypto to buy now should stay away from the market. Their focus should instead be on crypto ICOs that could offer major upsides in both the long and short term.
Best Crypto to Buy Now: Top Picks for Investors Cautious About the Current Market Conditions
As market uncertainty grows, there is value to be found in picking assets that are yet to go live. Among them are the following ICOs. Each of them has raised millions, signalling heightened market interest, and each carries a unique quirk that makes them different from the rest.
Best Wallet Token
Bitcoin’s recent short-lived move upward has done little to restore market confidence, leaving many investors looking elsewhere for stability and utility-driven opportunities. In this environment, projects like Best Wallet Token are gaining prominence as better long-term picks. Its success is largely tied to the strength of Best Wallet, a fully developed crypto platform that offers real use cases beyond speculation.
Best Wallet serves as an all-in-one decentralized hub that lets users trade, stake, and discover new cryptocurrencies within a single ecosystem. The platform’s Token Launchpad stands out as one of its key features, giving users early access to promising crypto projects before they hit major exchanges. This allows investors to identify high-potential, low-cap tokens early, a critical advantage in a market where timing often determines profitability.
Beyond early access, Best Wallet also offers staking options for passive income, rewarding holders while ensuring that liquidity remains within the ecosystem. These functions work together with other decentralized elements, such as token swaps and community governance, to keep the platform evolving dynamically.
Powering all of this is the Best Wallet Token, which enhances the user experience by reducing fees, unlocking exclusive features, and amplifying staking rewards. The project’s strong fundamentals have helped it raise over $16.6 million to date, making it a standout utility token in the current crypto market.
Bitcoin Hyper
Bitcoin Hyper is one of the most prominent cryptocurrencies currently available as an ICO, having successfully woven together the Bitcoin legacy and a strong utility narrative to raise over $24.5 million to date. The project aims to revitalize the original Bitcoin framework by enhancing its functionality and scalability, transforming it from a static store of value into a full-fledged utility network.
The use cases of Bitcoin Hyper are built around a powerful Layer 2 infrastructure designed to support decentralized applications, staking, cross-chain payments, and bridging between major networks. This multi-utility foundation positions it as a project capable of expanding Bitcoin’s real-world use, offering faster transactions, reduced fees, and wider compatibility across ecosystems.
From a technological standpoint, Bitcoin Hyper incorporates an advanced execution layer and modular design to facilitate seamless dApp integration. Its system architecture is focused on improving transaction throughput and interoperability, while maintaining Bitcoin’s security principles. The developers are also implementing a flexible developer workflow to ensure scalability and ease of deployment for future upgrades.
Visually, Bitcoin Hyper carries a distinctive aesthetic that bridges the seriousness of Bitcoin’s heritage with the creativity of modern meme culture. Its imagery strikes a balance between innovation and community identity, appealing to both traditional investors and degen traders seeking energy and engagement.
As of now, research has begun on the project’s execution layer and developer workflow design, setting the stage for its next technical milestones. Analysts like Borch Crypto have already rallied behind Bitcoin Hyper, noting that this Bitcoin-inspired project, which powers the fastest BTC Layer 2 chain, will be launching very soon.
Snorter
Solana’s recent price action has closely mirrored Bitcoin’s choppiness, but that does not mean investors have lost faith in the network. Solana meme coins continue to be viewed as some of the most promising plays in the market, and the last project on today’s list, Snorter, could be one of the best cryptos to buy right now.
Snorter is a Solana-based meme coin and trading bot hybrid designed to simplify meme coin trading through automation and social integration. Its presale officially ended, but the traction was so strong that the developers extended the window, allowing users to purchase SNORT at the launch price until October 27th. This extension marks the final opportunity for investors to enter before the project goes live.
At its core, Snorter offers fast token swaps, limit orders, and Telegram-based social trading, allowing users to mirror the trades of successful investors in real time. It also provides honeypot and rug-pull protection, front-running safeguards, and one of the lowest transaction fees among Solana bots, making it both efficient and secure.
Snorter’s mascot is an aardvark sporting a monocle and a confident smirk. And it has become instantly recognizable across meme communities. Its sharp design reflects both intelligence and humor, giving it the potential to stand alongside classic meme icons like Doge and Pepe. This balance between utility and personality makes it a strong contender for degen traders looking for a new meme project to rally behind.
With over $5.4 million raised to date, Snorter has revealed as a token that could bring massive gains within the Solana ecosystem.
Conclusion
It won’t be a lie to say that people don’t have much confidence in Bitcoin right now, especially with the moves “Trump Insider” has made. Part of the investor community hopes that the short is not a prelude to a major correction, while another part has started looking for the best crypto to buy now. For those in the latter group, the options given in this article are good enough.
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