The Giant Whale Who Knew About the Last Crash and Earned $160 Million Opened a Short Position in Bitcoin Again! – Two Giant Whales...
Last Friday, the largest liquidation in history occurred in the cryptocurrency market, causing sharp declines in Bitcoin (BTC) and altcoins.
While this unexpected crash caused Bitcoin and altcoin investors who held long positions to be liquidated, a whale turned the collapse into an opportunity.
A Bitcoin OG whale who predicted the recent crash is back with a $392 million Bitcoin short, according to a post by Lookonchain.
Accordingly, this giant whale opened short positions for Bitcoin (BTC) and Ethereum (ETH) before the crash and earned over $160 million.
As the recovery from the crash continues, the giant whale has reopened a BTC short position with 10x leverage. The whale's current position is reportedly worth 3,440 BTC, worth $392.67 million, and its liquidation price is $128,030.
In addition to BitcoinOG, which made over $160 million by shorting BTC and ETH during the crash, two whales reportedly also made significant profits on Hyperliquid. These two whales also opened short positions on various altcoins.
According to Lookonchain data, whale 0x9eec9, who made a profit of $31.8 million, currently has a short position of $98 million in Dogecoin (DOGE), ETH, PEPE, XRP and ASTER.
Whale number 0x9263, who made a profit of $13.2 million, holds a short position of $84 million in Solana (SOL) and BTC.
Besides the #BitcoinOG who made over $160M shorting $BTC and $ETH during the crash, two other whales with significant profits on #Hyperliquid are also heavily shorting the market.
Whale 0x9eec9 — with $31.8M in profit — currently holds $98M in shorts across $DOGE, $ETH, $PEPE,… pic.twitter.com/qZfJIbO6ba
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.
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