Bitcoin whale shorts $222M with 40x leverage at $107,448.40.
Pakistan approves 2,000 MW for Bitcoin mining and AI centers.
Whale faces $4.962M funding fee loss, $1.284M unrealized profit.
Pakistan aims to boost economy with crypto and tech investment.
Energy surplus in Pakistan supports mining despite sector debts.
#Bitcoin #CryptoWhale #BitcoinMining #PakistanCrypto #MarketVolatility
A Bitcoin whale has opened a $222 million short position with 40x leverage, signaling a bearish outlook on the cryptocurrency's price. The move coincides with Pakistan's approval of 2,000 megawatts of power for Bitcoin mining, highlighting contrasting trends in the crypto space.
The whale's short position, opened at $107,448.40, comes as Bitcoin trades at $108,841.00. Liquidation looms if the price hits $127,420.44. The trader has recorded an unrealized profit of $1.284 million but faces a $4.962 million loss from funding fees.
Portfolio data shows the whale's 100% short exposure, with no long positions. Perpetual equity stands at $46.166 million, and margin usage is at 12.0%, with a leverage ratio of 4.82x. The 24-hour profit and loss reflect a $4.006 million deficit, despite the position's $222.475 million value.
Meanwhile, Pakistan has allocated 2,000 megawatts to support Bitcoin mining and AI data centers. This decision aims to utilize surplus electricity and attract foreign investment, marking a shift toward embracing cryptocurrency.
The initiative is part of a broader strategy to legalize cryptocurrencies. Pakistan seeks to position itself as a hub for blockchain and AI technology, focusing on job creation and economic growth through digital services.
Pakistan's energy sector, however, faces challenges. The country has surplus power but struggles with financial deficits and high electricity tariffs, as noted in a 2024 report by the Pakistan Institute of Development Economics pide.org.pk.
Bitcoin mining requires substantial energy. The Cambridge Bitcoin Electricity Consumption Index estimates global Bitcoin mining used 120 TWh in 2023, roughly 0.4% of global electricity demand, according to the U.S. Energy Information Administration eia.gov.
Whale's High-Risk Strategy and Market Impact
The whale's 40x leverage amplifies both potential gains and losses. A small price increase could trigger liquidation, while the current unrealized profit of $1.284 million shows the trade's early success.
Funding fees, costing $5 million, pose a challenge for the whale. These fees, paid to maintain the leveraged position, can erode profits over time. The trader's withdrawable balance is $23.919 million, with a free margin of $294,241.30.
Market volatility often spikes with such large trades. Bitcoin's history includes short squeezes, where rapid price rises force short sellers to cover, pushing prices higher. This whale's position could influence market sentiment.
The crypto market remains retail-heavy, making it sensitive to whale activity. The whale's bearish stance contrasts with Bitcoin's recent price trends, which saw a peak before a slight decline.
Pakistan's Bitcoin Mining Push Amid Energy Challenges
Pakistan's 2,000-megawatt allocation targets Bitcoin mining and AI data centers. The move aims to monetize surplus power while fostering high-tech industries, driven by the Pakistan Crypto Council.
This follows earlier plans announced in April 2025, when Pakistan signaled interest in using excess electricity for crypto mining. The country has 15-20 million crypto users and a growing fintech sector.
Energy challenges persist. Pakistan's electricity sector faces a financial deficit of PKR 2.3 trillion, exacerbated by reliance on fossil fuels and slow adoption of renewables. High tariffs have driven solar energy uptake, reducing grid demand.
The global context underscores mining's energy demands. Countries like Iceland and Kazakhstan have also embraced Bitcoin mining, leveraging abundant or cheap power to attract miners.
Pakistan's strategy aims to boost exports through digital services. By supporting blockchain and AI, the country hopes to upskill its youth and create jobs, positioning itself as a tech hub.
