Massive Bitcoin Short Position Raises Concerns as Whale Adds 400 BTC to Bets

A major cryptocurrency whale has taken a significant bet against Bitcoin by adding another 400 BTC worth $209 million to their short position. This brings the total value of their short positions to 1,823 BTC and raises concerns about market volatility. The whale entered this position at an average entry price of $116,812, indicating a strong belief that Bitcoin’s prices will decline in the near term. If the price continues to rise, this whale could face significant losses as their position is highly vulnerable to further short squeezes.