Whale Boosts $BTC Short Position Amid Market Volatility
In the ever-shifting crypto landscape, one of the most aggressive Ethereum traders, known as “50x ETH,” has made a bold move by significantly increasing their Bitcoin short position. On-chain data reveals that the whale now holds a short position of 3,941 BTC, valued at approximately $331.8 million.
This high-stakes bet against Bitcoin comes at a time of heightened market volatility, with tight margins and substantial risk.
Liquidation Risk on the Horizon
The whale entered the short position at $84,040.8, with a liquidation price of $85,290—a dangerously close margin. With Bitcoin’s price fluctuating, the whale currently faces an unrealized loss of $836.8K.
Such a small buffer leaves the position vulnerable to a short squeeze—a situation where even a slight BTC rally could force the whale to close their short position, potentially fueling an upward price surge.
🚨 Latest Update:
Short position: 3,941 BTC (~$331.8M)
Entry price: $84,040.8
Liquidation price: $85,290
Unrealized loss: $836.8K
A Contradictory Strategy?
While aggressively shorting BTC, the whale has also placed 12 buy orders totaling 1,692 BTC (~$110M) at price levels between $58,664 and $69,414.
This suggests a dual strategy: either hedging against potential losses or positioning for a significant market reversal.
With such a massive stake in play, traders and investors are watching closely, as these whale movements could dictate Bitcoin’s next major price direction.
Will the short squeeze play out? Or is a deeper Bitcoin correction on the horizon? Let’s see how this unfolds.
