A large crypto whale with a $250 million short position against Bitcoin has been hit with an unexpected $22 million unrealized loss as the price of Bitcoin surges upwards. This substantial gamble, made possible by 20x leverage, is now putting immense pressure on the whale’s margin. Market momentum, driven by renewed bullish sentiment, institutional investments, and a wider crypto market recovery, has exposed short sellers like this to heavy losses. While their precise identity remains unknown, such positions are often held by hedge funds, high-net-worth individuals, or large financial institutions. These trades can influence market behavior, even sparking sudden price surges when the whale’s bets start unraveling.