$11Bn Bitcoin Whale Bets Nearly $900Mln on BTC and Ether Price Drop

A massive cryptocurrency investor known for holding over $11 bn in Bitcoin has re-emerged with $900 mln in short positions against Bitcoin (BTC) and Ether (ETH), signaling expectations of a near-term market correction despite overall bullish sentiment.

According to blockchain data from Onchain Lens, the whale opened a $600 mln 8x leveraged short on Bitcoin and a $300 mln leveraged short on Ether late this week. The investor’s Bitcoin liquidation threshold sits around $133,760, meaning the position would fail if prices climb above that mark.

The whale also opened a $330 mln 12x short on Ether, with a liquidation price of $4,613, currently showing an unrealized profit of $2.6 mln, according to Lookonchain data.

The move follows the whale’s previous trading activity in August, when they reportedly rotated $5 bn from Bitcoin into Ether, driving speculation across crypto markets. Analysts suggest that large-scale actions from such whales often influence broader market sentiment.

Bitcoin recently hit a record high above $125,700 before retracing to around $121,300, with selling pressure largely coming from smaller investors rather than whales, according to CryptoQuant.

Market data from CoinAnk shows that 52% of Bitcoin traders and 51% of Ether traders are now shorting the market, reflecting growing caution amid potential volatility.