10-22
Bitcoin Whale Opens $235M Short Position After $200M Profit from Earlier Decline
A major Bitcoin holder has initiated a $235 million short position with 10x leverage at $111,190, following reported profits of $200 million from BTC's recent drop to $100,000. The position faces liquidation risk if Bitcoin rises above $112,368. Separately, another large trader known as the "Trump insider" has expanded his short to 2,100 BTC worth approximately $227 million.