@imvannhat
A Whale Shorts BTC: The Financial Battlefield of the Crypto Market
On March 17, 2025, the crypto market was once again shaken as a whale—a deep-pocketed investor or institution—executed a massive $400M short position on Bitcoin (BTC). This wasn’t just another trade; it was a high-stakes gamble that could dictate BTC’s short-term price action and send shockwaves through global investor sentiment. Let's break down what this move means and what could happen next.
What Did the Whale Do?
According to data circulating on X (formerly Twitter) and major exchange analytics, the whale’s short position was opened around $84,000 per BTC, amounting to roughly 4,761 BTC. Given the $400M size, it’s highly likely they deployed high leverage—potentially 40x—to maximize potential gains. This means their actual capital at risk was around $10M, but the liquidation risk is extreme: if BTC rises just 2-3% to $86,000, the entire position would be wiped out.
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