Whale Takes Massive Short Position as Bitcoin Faces Downward Pressure
According to recent on-chain data from Onchain Lens, a high-profile whale has reignited market attention with a bold new move. The address has opened a short position worth approximately 1,073.5 BTC (around $99.6 million) on Bitcoin with a staggering 40x leverage, signaling a strong bearish outlook amid current market uncertainty.
Diversified Bear Bets with Tactical Precision
In addition to BTC, the whale continues to hold a significant short of 31,093.37 ETH (valued at $99.38 million) at 25x leverage. This multi-asset approach reveals a sophisticated strategy targeting downside momentum across major cryptocurrencies, rather than relying on a single market bet.
- BTC Short: 1,073.5 BTC (~$99.6M), 40x leverage
- ETH Short: 31,093.37 ETH (~$99.38M), 25x leverage
- XMR short fully closed, profit locked at $221,153
The whale previously exited a leveraged XMR short with a solid gain, showcasing disciplined timing and risk management. Combined unrealized profits on current positions now approach $1.96 million, drawing increased scrutiny from traders and analysts.
Market observers warn that such a large leveraged bet could amplify volatility, especially if key support levels break. The whale’s next moves may serve as a leading indicator for broader market sentiment in the weeks ahead.