A derivatives whale known as “Set 10 Big Goals First” placed a short order for 160.372 BTC with a planned entry price of $66,550, with the total position estimated at about $10.67 million. According to BlockBeats On-chain Detection, the activity was tracked by on-chain analyst “Ai Yi” (@ai_9684xtpa) on June 16.

Community members also speculated that a separate sell order of 605.73 BTC at the same price level may belong to the same whale. If that assumption is correct, the combined position size would be about $40.31 million, and the position was reported to be close to being filled.