2026-01-20 02:31:37

Recent on-chain data shows a remarkable large-scale shorting operation. On a leading derivatives trading platform, a whale account is making significant short positions on Bitcoin and Ethereum, with a total scale reaching approximately $200 million.

Specifically, this whale currently holds a short position of 1073.5 BTC, valued at about $99.43 million, with an opening average price around $92,469.3. At the same time, it has also placed heavy bets in the ETH market, holding a 25x leveraged short position worth $99.14 million, totaling 31,093 ETH, with an opening price of $3,269.91.

What's even more interesting is that this operation has already realized a profit of $21.56 million. This whale has become a top holder of BTC shorts and ranks third in ETH short positions. Such large-scale short positioning usually reflects market participants' short-term outlook and also provides important reference signals for other traders.

BTC-1,92%

ETH-4,4%

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GamefiGreenie

· 11h ago

Damn, this whale is really ruthless, throwing 200 million USD directly at the shorts, already making over 20 million? How bearish are they... But speaking of this level of position, you must be very confident to do this, or is it another big investor betting that it will fall later? Looking at it makes me nervous. If the trend reverses, what should we do...

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MEVictim