Bitcoin Whale Who Predicted Last Crash Opens Massive $392M Short Position - Brace for Impact?
Bitcoin's legendary whale makes another bold move that's shaking crypto markets to their core.
The $392 Million Bet Against Bitcoin
A notorious Bitcoin OG who accurately called the last major crash just placed a staggering $392 million short position against the world's largest cryptocurrency. The move sends shockwaves through trading desks worldwide as analysts scramble to interpret the signal.
History Repeating or False Alarm?
Market veterans remember this whale's previous successful prediction, creating palpable tension across exchanges. Retail traders watch nervously while institutional players adjust their exposure - because when whales move, the entire ocean feels the waves.
Technical indicators show Bitcoin testing crucial support levels as leverage positions get liquidated across major platforms. The timing couldn't be more dramatic with regulatory uncertainty lingering and traditional finance still trying to figure out whether crypto is the future or just fancy math.
One thing's certain: when someone who's been right before bets this big, even the most bullish investors start checking their parachutes. After all, in crypto, yesterday's genius is tomorrow's cautionary tale - and everyone's trying to guess which one this whale will become.
A legendary Bitcoin OG whale, known for perfectly shorting Bitcoin and ethereum before the recent market crash, has once again entered the market and is again shortening Bitcoin with a massive 3,440 BTC ($392 million) short at a 10x leverage.
Now, the re-entry of this whale has raised eyebrows. Many in the crypto space are worrying is another crypto crash is coming, or just a daring bet riding on market fear?
BitcoinOG whale Shorting BTC Again
According to on-chain data, this Bitcoin OG whale has opened a massive short position on Bitcoin at an average price of around $115,783 per BTC, with a liquidation level near $128,000 on Hyperliquid, a high-risk trading platform.
Analysts point out that 10x leverage means even minor drops could lead to eye-popping gains, but a price rebound could clear out millions.
Interestingly, the whale’s short comes right after he profited $192 million shorting the previous crash triggered by Trump’s surprise China tariff.
Placing another massive short so soon has raised eyebrows across the crypto community. Many see it as a warning signal, especially since the trade appeared just as bitcoin slipped to $112,700, reflecting a drop of 2%.
On-Chain Indicators of Market Stress
Several key factors from macroeconomic, technical, and on-chain are fueling fears that another sharp correction could be imminent.
- Large Bitcoin transfers to exchanges spiked above $2 billion, a common sign of selling pressure.
- Data from Derive.xyz showed heavy “put” buying from traders in bitcoin and ether, with CME futures open interest hitting record highs near $39 billion.
- The Spent Output Profit Ratio (SOPR) for short-term holders fell below 1.0, indicating many are selling at losses, a sign of capitulation phases.
- Stablecoin outflows totaling $8 billion have drained buying power from exchanges, limiting liquidity for price support.
Community Divided Over Whale’s Intentions
Crypto traders on X are split. Some believe this whale might have inside information, given the precision of previous trades. Others think it’s simply a high-stakes gambler who thrives on volatility.
As of now, Bitcoin is trading around $112765, reflecting a slight drop. However, technical analysis highlights $105,000 as strong short-term support for BTC, with $118,000–$124,000 seen as the next major resistance zones.
