Insider Whale Boosts Bitcoin Short Position to $150M, Securing $3.23M Profit

On July 2nd, crypto analyst Ai Yi (ai_9684xtpa) reported that the so-called “Insider Whale” has realized gains exceeding $3.23 million through strategic short positions. Recent activity includes two significant additions: 294.14 BTC and 9,414.14 ETH, executed late last night and early this morning. The total portfolio value has now rebounded to approximately $250 million.

The whale’s current holdings comprise a 40x leveraged short position on Bitcoin, totaling 1,414.14 BTC, valued at $150 million with an entry price near $106,697.30. Additionally, there is a 25x leveraged short position on Ethereum, consisting of 41,414.1414 ETH, valued at $99.8 million, entered at $2,452.03. These positions underscore the whale’s significant influence on market dynamics and highlight the importance of monitoring large-scale leveraged trades in crypto markets.

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Source: https://en.coinotag.com/breakingnews/insider-whale-boosts-bitcoin-short-position-to-150m-securing-3-23m-profit/