Whale 0xa523 Shorts Bitcoin Again After $435K ASTER Win

After banking $435K from ASTER, whale 0xa523 is back with a $77M BTC short. Will it pay off or end in liquidation?

  • Whale 0xa523 closed ASTER position with $435K profit.
  • Now holds a $77M short position on Bitcoin.
  • Liquidation price is set at $113,922.55.

Crypto Whale 0xa523 Back in Action

One of the crypto market’s most-watched traders, known by the wallet address “0xa523,” has re-entered the spotlight. After exiting his ASTER position with a solid $435,000 profit, the whale is now back to shorting Bitcoin—this time with a massive $77.15 million bet.

magacoinfinance

The move is bold and risky. Holding a short position of 684.6 BTC, 0xa523 is essentially betting that Bitcoin’s price will go down. If it goes the other way, his position risks being liquidated at $113,922.55—a price level that’s still far from current BTC levels but not impossible in a volatile market.

From ASTER Gains to Bitcoin Bets

The transition from ASTER to Bitcoin signals a shift in strategy. While ASTER offered quick gains, 0xa523 appears to be playing a high-stakes game with BTC. Given the whale’s recent profits, this could be either a calculated risk or an overconfident move.

Shorting Bitcoin is never for the faint of heart—especially with market sentiment turning increasingly bullish. With institutional inflows rising and ETF volumes surging, the current trend appears to favor the bulls. But whales like 0xa523 often move against the crowd, aiming to catch reversals.

Will He Win or Get Wrecked?

Traders and analysts are closely watching this position. If Bitcoin surges past $110K, the pressure will mount. Any unexpected news, macro events, or a short squeeze could bring the liquidation level closer than anticipated.

However, whales often use large positions like this to manipulate or hedge. Whether this is a directional bet or part of a more complex strategy remains to be seen.

One thing is clear: the market will be watching 0xa523’s next move very closely.

Read Also:

Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.

Isolde Verne

Isolde Verne is a passionate crypto writer, focusing on blockchain innovation, NFT ecosystems, and the societal impact of decentralized systems. Her engaging style bridges the gap between technology and everyday understanding.

Related Articles

Back to top button