BTC Whale Makes $89M Power Move: Dumps Short Position, Loads Up on USDC at Binance

Whale just flipped the script—closed a massive short position and parked $89 million in USDC on Binance. That's not panic money moving; that's strategic positioning.

The Big Pivot

When whales make moves this size, markets notice. Shifting from short to stablecoins signals potential accumulation phase—or at least a calculated pause before the next big play. Classic whale behavior: make volatility work for you while retail traders chase momentum.

Timing the Tides

Smart money doesn't fight trends—it rides them. Moving $89M USDC onto an exchange isn't defensive; it's keeping powder dry for the right entry. Because in crypto, the real profits go to those who can buy when others are too scared to click the order button.

Meanwhile, traditional finance still thinks stablecoins are just for parking funds. They haven't figured out this is the chessboard where real financial strategy happens now.

$BTC Whale Earns $197M, Coinciding $510M Rise in Bitcoin Open Interest

The bitcoin whale, 1011short, has obtained massive gains of nearly $197M by closing a short $BTC position. Subsequently, the whale has transferred $89M $USDC tokens to Binance. The respective move has led to a rise in Bitcoin open interest, raising concerns among the community. Particularly, after the aforementioned deposit, almost a $510M increase has occurred in $BTC open interest.

Such large shifts normally signify the start of significant trading strategies that whales often employ to impact short-term price movement. Keeping this in view, the community is keenly watching the next move of the whale while $BTC is continuously trading near notable technical levels. In line with the historical trading operations of the whale, it has been actively participating during big market swings, many a times placing considerably Leveraged shorts.

Whale Activity Set to Shape Another Noteworthy Market Move

According to Lookonchain, the latest MOVE by the Bitcoin whale also aligns with the previous profit-taking activities. The $197M profit and $89M $USDC deposit highlight the whale’s renewed strategy for opening new futures positions.

Additionally, the parallel $510M hike in Bitcoin open interest further bolsters the idea of another short position. Thus, if the whale opens another short, it could notably influence the wider market sentiment while also triggering huge liquidations, likely making way for the upcoming major move of Bitcoin.