The Whale Who Timed the October Crash Perfectly Is Now Betting on Another Bitcoin Drop
A crypto whale who profited $197M from the October crash has opened a massive new 10x leveraged short position against Bitcoin.Summary
A prominent crypto whale, known for making over $197 million by perfectly timing the mid-October Bitcoin crash by closing short positions, has now reloaded with a massive new bearish bet. This investor transferred $30 million in USDC to Hyperliquid and opened a 10x leveraged short position on 700 Bitcoin, valued at approximately $75.5 million initially, which has since grown to a $226.6 million position with a liquidation price near $123,282. This move contrasts with other market signals suggesting a potential rally, as some analysts foresee BTC and altcoins rising, evidenced by other traders recently opening significant long positions. The whale has also been offloading Bitcoin, depositing over $587 million worth of BTC into exchanges since the crash. The market awaits to see whether this bearish whale or the optimistic bulls will prevail.
(Source：BeInCrypto)