Bitcoin Whale Bets Big Against BTC Again
The trader who made $160M shorting BTC and ETH is back, now shorting 3,440 BTC worth $392M.
- Bitcoin whale adds to massive BTC short position
- Previous short earned him over $160 million
- Current position risks liquidation at $128,030
Veteran Trader Doubles Down on Bitcoin Short
A prominent crypto whale, widely regarded as a Bitcoin OG, is once again turning heads in the market. After successfully shorting Bitcoin and Ethereum just before the recent market crash — pocketing over $160 million in profits — this trader is now back with an even bigger short bet against BTC.
His current position? A jaw-dropping 3,440 BTC short, valued at $392.67 million at the time of writing. This move suggests high conviction that Bitcoin’s price has more downside to go.
What makes this notable is not just the size of the position, but the track record. This trader correctly predicted a major downturn once before — and profited handsomely. With such a big bet placed again, it has sparked speculation across social media and trading forums.
Liquidation Price Signals High Confidence
The whale’s liquidation price is set at $128,030, far above current Bitcoin levels. This means the position has been opened with significant margin and is unlikely to be liquidated unless Bitcoin surges past six figures — something highly improbable in the short term.
The crypto market is watching closely. A move like this from a well-known figure could either signal internal market sentiment or aim to influence it. Either way, retail traders and institutions alike are paying attention.
What This Means for the Market
Heavy short positions can often impact broader market behavior. If sentiment swings bearish, this trader could once again be in a position to rake in major profits. However, if Bitcoin sees an unexpected rally, even whales aren’t immune to getting squeezed.
For now, all eyes remain on BTC’s price action in the coming days. Whether this whale wins again or not, it’s clear he’s playing high-stakes — and isn’t afraid to go all in.
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