Whale Shorts $30.7M in BTC After Price Surge
A crypto whale shorts $30.7M worth of Bitcoin through two wallets after BTC hits nearly $95K.
- Whale opens $30.7M in BTC shorts after price rally
- Entry points at $94,893 and $94,830.5
- Signals rising caution at current price levels
Whale Takes Massive Short Position After BTC Rally
Just as Bitcoin surged to new highs, a prominent crypto whale made a bold move—shorting $30.7 million in BTC using two separate wallets. The entry prices were nearly identical: $94,893 and $94,830.5, indicating a strategic and well-timed execution.
The timing of this short has caught the market’s attention. While many traders remain bullish after Bitcoin’s recent rally, the whale’s action suggests a different outlook—possibly anticipating a correction or increased volatility in the short term.
Caution Creeps In at Near $95K Levels
The fact that this sizable short was placed at nearly $95K implies that some high-cap investors believe BTC could be overextended in the near term. After weeks of upward momentum, such a move could reflect a hedge or a bet on short-term exhaustion.
Historically, whale shorts at key resistance levels have led to market pullbacks, even if temporary. It doesn’t always signal a long-term trend reversal, but it does suggest that not all major players are confident in immediate continuation beyond the $95K mark.
What Traders Should Watch Next
The total position size and timing are significant enough to influence market sentiment. If BTC fails to hold its gains or shows signs of stalling, this short bet could pay off quickly. On the flip side, if bullish momentum persists, the whale may need to cover quickly—potentially triggering further volatility.
Retail traders are advised to monitor BTC price action closely around the $95K level and watch on-chain data for any movement from these whale wallets in the coming days.
