A whale who previously sold 255 Bitcoin has reopened Short positions in Bitcoin (10x leverage) and Ethereum (15x leverage), with the total value of their Short positions now exceeding $50 million.
on-chain tracking data shows this major investor continues to bet on a price decline on the two largest cryptocurrencies by market capitalization, following a previous sale of 255 Bitcoin. This development was recorded on January 3rd.
- The whale that previously sold 255 Bitcoin has reopened its Short position.
- Short Bitcoin 10x and Ethereum 15x.
- The total value of Short positions exceeds $50 million.
What does the whale's new Short position consist of?
A major investor has re-established Short positions in Bitcoin with 10x leverage and Ethereum with 15x leverage; the total value of Short positions now exceeds $50 million.
The information, recorded on January 3rd, is based on on-chain monitoring. This whale is described as someone who previously sold 255 Bitcoin, then went on to open Short orders on Bitcoin and Ethereum with high leverage.
With a total Short position value exceeding $50 million, the size of the bearish bet is considered large. However, the original text does not provide the entry price, liquidation level, order opening time, or related wallet address.
Context: the previous event of selling 255 Bitcoin.
The same whale mentioned above is the one who sold 255 Bitcoin before returning to open Short positions on Bitcoin and Ethereum.
The data only mentions the sale of 255 Bitcoin and the re-establishment of a Short position with 10x leverage (Bitcoin) and 15x leverage (Ethereum). No further details are provided regarding the time of the sale, the selling price, or whether the sale was directly related to existing Short positions.
