Whale Bets $77M Against Bitcoin: Hubris or Prophecy?
The 'Insider Whale'—the trader who famously earned $160 million on the October 11th crash—is back with a massive bet against the market.
Just hours ago, the notorious wallet 0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae opened a leveraged 10x short position, stacking 700 $BTC worth over $77 million.
Entry Price: $109,133.10
Liquidation Price: $150,083.30 (giving some
breathing room)
Despite currently sitting on an unrealized loss of nearly $880,000, this player is no stranger to early pain.
The big question: Is this the perfectly timed sequel to their last massive short, or a sign that past success has finally led to overconfidence? The crypto world is watching this $77 million wager unfold.
What's your bet: Does the whale get liquidated, or does the market tumble
