Mysterious Whale Doubles Down on Short Bets: Bitcoin Position Reaches New High

A high-stakes cryptocurrency trader identified as @ai_9684xtpa has revealed a new surge in activity, increasing their Bitcoin short position to a remarkable $32.48 million. This dramatic move involves 299.69 BTC, according to data on the blockchain tracking platform PANews. The trader’s strategy is rooted in anticipation of further price decline, which may have been influenced by a recent withdrawal of an earlier short order. Initial plans suggested a position closure at $107,600 if the market plunged, indicating a potential target of a further $600 loss for Bitcoin.