According to @lookonchain, address 0x3537 deposited 2.97 million USDC and opened a 3x long sized at 31.44 BTC with a notional value near 3.46 million dollars, which is shown via the provided on-chain explorer link; source: X post by @lookonchain on Oct 20, 2025 and hypurrscan.io/address/0x3537DE45A5C3b1694b74cbf2E940078bdF4E9a64. According to @lookonchain, less than an hour after the position was opened, President Trump said China may face a 155 percent tariff if no trade deal is reached by Nov 1, after which BTC price fell; source: X post by @lookonchain on Oct 20, 2025. According to @lookonchain, the trade was characterized as a real trade with no insider information, and based on the reported figures the implied average entry is approximately 110,000 dollars per BTC calculated as 3.46 million divided by 31.44; source: X post by @lookonchain on Oct 20, 2025.