Bitcoin Whale Opens $235M BTC Short, After Netting $200M From Market Crash

Why It Matters

95 billion), and underscores ongoing deleveraging and speculative repositioning in the crypto market.

Summary

An $11 billion crypto whale opened a new $235 million, 10x‑leveraged short on Bitcoin as the asset traded around $111,190, currently carrying a $2.6 million unrealized loss and set to be liquidated if BTC tops $112,368. The position follows a week after the same investor pocketed roughly $200 million from a prior leveraged short during a market crash and after transferring about $540 million in BTC to new wallets and exchanges. The move signals large investors hedging for further downside amid macro and domestic risks, contributes to increased short‑term holder supply and unrealized whale losses (~$6.95 billion), and underscores ongoing deleveraging and speculative repositioning in the crypto market.