Whale strikes again: 409.58 BTC short positions worth $36 million, a high-stakes gamble during market decline

NonFungibleDegen · 2025-12-29T10:08:10+00:00

A short-selling expert strikes again, shorting with 10x leverage during Bitcoin's pullback, holding a short position of 409.58 BTC worth $36 million. The entry cost was $87,892, indicating their confidence in the bearish market and their judgment of a subsequent decline.

NonFungibleDegen

2025-12-29 10:08:10

Abstract generation in progress

【Blockchain Rhythms】A short-selling expert has recently been active again. This whale address previously made a profit by selling 255 BTC, and now during the market correction, it strikes again—shorting Bitcoin with 10x leverage.

As of now, its short position is quite large: holding 409.58 BTC in short positions, with a total value of $36 million. Interestingly, this whale’s entry cost is not low, with an average price stuck at $87,892, indicating that it is shorting Bitcoin at relatively high levels.

This operational logic is very clear—betting on the market continuing to weaken. Using 10x leverage to short means that both gains and risks are amplified several times, and this guy is clearly confident in the downward trend of the market. From previous coin sales to current short holdings, this whale has been demonstrating its understanding of market cycles through concrete actions.

BTC-1,14%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

7 Likes

Reward
7
5
Repost
Share

Comment

0/400

MemeKingNFT

· 14h ago

Oh no, this whale is gambling with their life again, shorting with 10x leverage. They really see through this drop. I just can't understand how they're so brave... --- $87,892 to go short? How ruthless must they be to go all in at this level? My NFTs are all locked up, and I'm still watching others reap the rewards. --- A short position of 409.58 BTC... If it rebounds, the moment of liquidation with leverage will be brutal. But based on this guy's past operations, his on-chain analysis skills are truly strong. --- Here we go again, here we go again. Every time the market is so tough, big players are betting big. I admire and worry at the same time, who knows, maybe one day it'll be my turn to get liquidated. --- I understand the logic behind this operation—it's a bet on further breakdown. But I always feel the market is building a bottom, otherwise why are so many on-chain signals pointing to a bottom consensus? --- A short position of $36 million. Oh my, if it really crashes, I might cry. But this whale always hits the right timing. I haven't predicted correctly even once early on. --- Leverage shorting, profits double but so do risks. This kind of trend-following operation is better left to the big players. I'll just stay honest and hold my coins.

View OriginalReply0

GateUser-4745f9ce

· 14h ago

This whale's guts are incredible. Using 10x leverage to short, going all-in with 36 million, daring to bet on a sharp decline—truly bold.

View OriginalReply0

NervousFingers

· 14h ago

This whale is really bold, short 36 million with 10x leverage. Once it rebounds, it will take a hit.

View OriginalReply0

MetaMaximalist

· 14h ago

ngl this whale's timing is either genius or about to get liquidated hard... 10x leverage on 409 btc is basically betting the farm on a continued crash. that's not market cycle understanding, that's just... aggressive speculation dressed up as sophistication. we've seen this movie before.

Reply0

DAOdreamer

· 15h ago

Tenfold leverage shorting directly all-in, this whale is really ruthless --- 87892 entering at a high position to short, this guy is betting really big --- A short position of 409 BTC, if it really drops, the profits will double --- Previously sold coins for a wave of profit, now going short again, the timing is really sharp --- A short position of 36 million USD, if the market rebounds, it's gg --- High-position layout with tenfold shorting, this move is indeed a bit crazy --- This wave of whales is really betting on a decline, the risk-reward ratio is quite刺激 --- From selling coins to shorting, this combo punch is really well executed --- Tenfold leverage takeoff directly, it would be disastrous if it loses --- 409 BTC short, if forced to liquidate, it would be a huge loss

View OriginalReply0