Crypto Whale Bets Against Bitcoin Again
A prominent crypto derivatives trader, known for making $192 million betting against the market during a flash crash, has opened another high-stakes position.
Using 10x leverage, the trader's current position shows a $3.5 million profit, but it would be liquidated if Bitcoin (BTC) reaches $125,500.
- The trader, identified by the wallet 0xb317, opened a $163 million leveraged perpetual contract to short Bitcoin on Sunday.
- This entity gained notoriety for opening a massive short 30 minutes before former President Trump announced new tariffs on Chinese imports, triggering a $19 billion market liquidation.
Some speculate the trader may have amplified the recent market cascade, earning the label "insider whale" due to the seemingly perfect timing.
Author's summary: Crypto whale bets against Bitcoin again with high-stakes position.
More News
- Will the Supreme Court upend the Voting Rights Act?
- Bucks' next move after cutting Chris Livingston feels inevitable
- Everyone watches women’s basketball, even men who belittle it - The Tufts Daily
- Kansas Department of Labor Receives NASCIO 2025 State Information Technology Recognition Award
- Marketplace used to steal iPhone 15
- An Employer Compensation Tax for Social Security and Medicare | Committee for a Responsible Federal Budget
- Fleet takes shape for the PIC Coastal Classic 2025
- Platforms of Extremism: Why Australia Must Confront Digital Misogyny as a Security Threat - Australian Institute of International Affairs
- 2025 Great Alaska ShakeOut reminds the state to Drop, Cover and Hold On
- Market boom: Investor activity hits 8-year high