Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Markets>
Bitcoin Whale Doubles Down on Short, Holding 409.58 BTC Worth $36M

Bitcoin Whale Doubles Down on Short, Holding 409.58 BTC Worth $36M

Coinotag2025/12/29 10:18
By: Coinotag
BTC-0.74%

COINOTAG News, in a December 29 recap using Onchain Lens data, notes that a large whale address that previously sold 255 BTC has doubled down on shorting Bitcoin during the latest market dip, signaling a tactical shift in exposure by a major holder.

Currently, the entity holds 409.58 BTC, with a notional value around $36 million, and an entry price noted at $87,892 per BTC, reflecting a refined position aligned with hedging amid volatility.

The report highlights how on-chain analytics track sizable moves and framing implications for liquidity and near-term price dynamics, underscoring the credibility and value of Onchain Lens data for investors and market watchers.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
TRON (TRX) Rises 2.78% in Pre-Market After $18 Million Investment From Justin Sun via Black Anthem Limited
2
ORBS Surges 10% in Pre-Market as Eightco Holdings Announces $125 Million Share Buyback Plan

Crypto prices

More
Bitcoin
Bitcoin
BTC
$87,217.73
-0.69%
Ethereum
Ethereum
ETH
$2,923.3
-0.49%
Tether USDt
Tether USDt
USDT
$0.9989
-0.02%
BNB
BNB
BNB
$848.71
-0.97%
XRP
XRP
XRP
$1.86
-0.33%
USDC
USDC
USDC
$0.9997
+0.00%
Solana
Solana
SOL
$123.05
-1.18%
TRON
TRON
TRX
$0.2814
-0.79%
Dogecoin
Dogecoin
DOGE
$0.1233
-0.58%
Cardano
Cardano
ADA
$0.3637
-1.48%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter