Bitcoin’s $11 billion whale has returned to another massive short position, signaling that some big investors are wary of more crypto market downside amid tariff concerns and the ongoing government shutdown.
The Bitcoin whalewhich is crypto slang for a large investor, returned with $ 235 million 10-times Leveraged short positions in bitcoin (BTC), which is a de facto bet on the price drop of the world’s first cryptocurrency.
The big investor opened a short position on Monday, when Bitcoin was trading at $111,190. He currently faces a $2.6 million unrealized loss on the short stake, which stands liquid if the Bitcoin price is above $112,368, according to Hypurrscan Blockchain Data.
The new short bet comes a week after the same whale netted nearly $200 million in profits from Crypto Market Crashwith a similar leveraged short position.
in trade, Leverage Refers to a strategy that allows investors to open a position larger than their holdings by “borrowing” capital. While leveraged trading can boost potential gains, it also amplified downside risks and may result in the loss of the entire investment.
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“The whale that made $200m shorting the crash of Bitcoin to $100k has now moved $30m to Hyperliquid and is short again,” wrote the blockchain data platform Arkham, in a Monday X Post.
Whale also moved $540 million worth of Bitcoin to new wallets, including $220 million to Coinbase Exchange wallets in the past week.
The $11 billion bitcoin whale appeared two months ago and circling $5 billion amount of BTC in ether (Eth), briefly surpassed the second largest corporate Treasury Company, Sharplinkin terms of total ETH holdings, Cointelegraph reported on September 1.
Large-scale seller from before Dormant Bitcoin Whales were among the main factors limiting Bitcoin’s price action in August, according to analyst and Bitcoin early adopter Willy Woo.
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New bitcoin whales face $6.95 billion in unrealized losses after crypto market crash
Meanwhile, new Bitcoin whales face a cumulative unrealized loss of more than $6.95 billion after the latest crypto market crash saw Bitcoin fall below the key $113,000 level.
“Bitcoin is trading below its average cost basis of ~$113k, leaving it with $6.95B in unrealized losses, the largest since October 2023,” write The Crypto Analytics platform Cryptoquant in a post of Tuesday X, added that this cohort “holds ~ 45% of the total whale realized cap.”
Despite declining investor sentiment, analysts saw Bitcoin’s four-day crash to $ 104,000 as a healthy correction already Flushed out excess actionwhich prompts more conservative positioning from market participants.
Meanwhile, the short-term supply of Bitcoin holders has increased, “speculative capital” is taking a larger share of the market, wrote blockchain analytics firm Glassnode in a report on Tuesday.
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Magazine: Sharplink exec shocked at level of BTC and ETH etf Hodling – Joseph Chalom
