Crypto Whale Doubles Down on Short Bets After $200 Million Profit

A large Bitcoin investor, known as a ‘whale’ in crypto slang, is betting against the cryptocurrency market again. Following a recent $200 million profit from the market crash, this whale has opened a new short position worth $235 million, indicating a continued bearish sentiment. This move comes amid growing uncertainty about potential further downturns driven by economic concerns and government gridlock.