Whale Bets Big on Bitcoin Short Position as Market Fears Escalate

A massive whale has initiated a high-risk short position worth nearly $900 million, targeting both Bitcoin (BTC) and Ethereum (ETH). This action suggests the trader anticipates a significant market correction after recent months of bullish momentum. The positions include an astounding $600 million in leveraged Bitcoin shorts with a liquidation price of $133,760 and another $330 million in 12x leveraged Ether shorts at a similar level, according to blockchain analysis by Lookonchain.