{"id":635920,"date":"2025-03-17T08:07:14","date_gmt":"2025-03-17T08:07:14","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=635920"},"modified":"2025-03-17T08:07:14","modified_gmt":"2025-03-17T08:07:14","slug":"whale-doubles-down-on-massive-40x-bitcoin-short-ahead-of-fomc-meeting","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/whale-doubles-down-on-massive-40x-bitcoin-short-ahead-of-fomc-meeting","title":{"rendered":"Whale Doubles Down On Massive 40X Bitcoin Short Ahead Of FOMC Meeting"},"content":{"rendered":"

A Bitcoin whale who placed a huge bet on a drop in the BTC price has doubled down on the trade as markets brace for key economic data this week.<\/p>\n

The whale initially opened a 40x leverage short position for over 4,442  BTC, valued at more than $368 million, according to <\/span>data<\/span><\/a> from Hypurrscan.<\/span><\/p>\n

In the last 24 hours, the whale has added to the position, with the total BTC in the short trade standing at more than 5,199 coins, worth over $432.7 million, as of 1:18 a.m. EST.<\/span><\/p>\n

\"Bitcoin<\/p>\n

Bitcoin Whale Sitting On $3.6 Million Unrealized Gain<\/span><\/h2>\n

The position has so far worked out in the trader’s favor. Hypurrscan data shows the whale opened the position when the crypto market leader was trading at $83,923.20.<\/span><\/p>\n

Bitcoin<\/span><\/a> has since <\/span>dropped<\/span><\/a> slightly to trade at $82,875. The liquidation price for the trade is $86,115.<\/span><\/p>\n

The pullback in BTC’s price has resulted in an unrealized gain of more than $4.1 million for the crypto whale so far. However, the trader has an over $382,000 loss on his position’s funding fees.<\/span><\/p>\n

\n

WOW!!! THIS IS CRAZYYY 🤯<\/p>\n

Trump insider whale who opened a
$380 million bitcoin short with 40x
is being hunted publicly on “ X ” by
a group of people who are trying to
liquidate him at $86,600.
pic.twitter.com\/3z6ZGVtXFz<\/a><\/p>\n

— Ash Crypto (@Ashcryptoreal) March 16, 2025<\/a><\/p><\/blockquote>\n