On-chain data shows two whale addresses are heavily shorting Bitcoin with a combined position exceeding $100 million. One address shorted 900 BTC (~$53.69M) at 40x leverage, while the other shorted 800.75 BTC (~$47.76M) at 20x leverage.
Whales Take Massive Short Positions on BTC
According to Lookonchain monitoring, two whale addresses are aggressively shorting Bitcoin (BTC) with a total position exceeding $100 million. Address starting with 0x069a has opened a 40x leveraged short on 900 BTC (approximately $53.69 million), while address 0x3e7a has opened a 20x leveraged short on 800.75 BTC (approximately $47.76 million). Such high-leverage shorting could indicate bearish sentiment, but also increases the risk of a short squeeze.
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