Whale Shorts 400 More BTC, Totaling $209M at Risk
A crypto whale increases BTC short position to $209M, with a $120,990 liquidation level — sparking market speculation.

- Whale adds 400 BTC to shorts, now holding 1,823 BTC short
- Total short exposure is ~$209M at $116,812 average entry
- Liquidation level estimated near $120,990
Whale Builds Massive $209M Bitcoin Short
A major Bitcoin whale is making headlines after placing another 400 BTC short, worth around $46 million, bringing their total short position to a staggering 1,823 BTC — valued at approximately $209 million.
This position was opened at an average entry price of $116,812, indicating a high-stakes bet against near-term Bitcoin upside. If price momentum continues to rise, this whale could face significant pressure.
Such large-scale shorts often stir debate across the crypto community, with speculation on whether it’s hedging, manipulation, or a bold directional bet.
Liquidation Level Near $121K
According to on-chain and trading desk estimates, the liquidation level for this position is around $120,990. This means if Bitcoin’s price pushes beyond that level, the whale risks being forcefully closed out — potentially triggering a short squeeze.
Short squeezes have historically resulted in rapid BTC price surges, as forced buybacks fuel momentum.
Traders and analysts are now watching closely:
- Will BTC push toward $121K to challenge this whale’s position?
- Could this short interest signal overconfidence in downside risk?
- Is a squeeze brewing beneath the surface?
What This Means for the Market
Large whale shorts typically create psychological resistance levels in the market — and they often attract counter-traders looking to squeeze the position.
With open interest rising and volatility back in play, this $209M short could act as a magnet for price action. If BTC rallies and pushes into the whale’s danger zone, we may see heightened liquidations and upward volatility.
For now, the whale is holding the line — but the market is watching for any cracks.
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- Whale Shorts 400 More BTC, Totaling $209M at Risk