Whale triggers $106m blockbuster $BTC short, piling sell pressure on a pessimistic market.
Amidst a backdrop of market anxiety, a massive whale address 0x94d...3814 has decided to bet against the crowd with an all in Short position, creating a formidable wall of selling pressure.
📉 Massive Bet Suppressing the Market
👉This entity holds a record breaking BTC Short position of 1,182 $BTC , valued at approximately $106 million.
👉This move signals strong conviction in a bearish scenario and directly adds weight to the sell side of an already fragile market.
🔥 Not stopping at BTC, the whale is doubling down across the board.
👉ETH Short, maintaining a significant position valued at nearly $9.8 million.
💸 Despite exerting significant pressure, the whale is currently bleeding chips. The account faces a total unrealized floating loss of $2.95 million, with the BTC position alone accounting for a -$2.91 million loss, equivalent to -27.46%.
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This article is for reference only, this is not investment advice. Please read and consider carefully before making a decision.