{"id":636460,"date":"2025-03-18T12:40:56","date_gmt":"2025-03-18T12:40:56","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=636460"},"modified":"2025-03-18T12:40:56","modified_gmt":"2025-03-18T12:40:56","slug":"as-a-whale-closes-his-516m-40x-bitcoin-short-for-a-9-4m-profit-this-ico-meme-coin-offering-free-btc-might-be-the-best-crypto-to-buy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/sponsored\/as-a-whale-closes-his-516m-40x-bitcoin-short-for-a-9-4m-profit-this-ico-meme-coin-offering-free-btc-might-be-the-best-crypto-to-buy","title":{"rendered":"As A Whale Closes His $516M 40x Bitcoin Short For A $9.4M Profit, This ICO Meme Coin Offering Free BTC Might Be The Best Crypto To Buy"},"content":{"rendered":"<p><span style=\"font-weight: 400\">A whale that opened a $516 million 40x bet that the Bitcoin price will drop has closed his position.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to <\/span><a href=\"https:\/\/hypurrscan.io\/address\/0xf3F496C9486BE5924a93D67e98298733Bb47057c\"><span style=\"font-weight: 400\">Hyppurscan data<\/span><\/a><span style=\"font-weight: 400\">, the large trader opened a short position for 6,210 BTC. In the last few hours, the whale opted to close his position, yielding a $9.4 million profit.<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone\" src=\"https:\/\/dmarketforces.com\/wp-content\/uploads\/2024\/04\/Bitcoin-Rises-as-Crypto-Whales-Buy-the-Dip-1.jpg\" alt=\"Bitcoin whale\" width=\"1285\" height=\"675\"><\/p>\n<h2><span style=\"font-weight: 400\">Bitcoin Whale Had To Add $5 Million To Prevent Liquidation<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The whale&rsquo;s large <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/whale-doubles-down-on-massive-40x-bitcoin-short-ahead-of-fomc-meeting\"><span style=\"font-weight: 400\">Bitcoin<\/span><\/a><span style=\"font-weight: 400\"> short position attracted a lot of attention from the crypto community, especially Bitcoin maxis. A publicly-formed team of traders even tried to &ldquo;hunt&rdquo; the whale&rsquo;s short position and force the large traders into liquidation. As a result, the whale had to add $5 million to his position to prevent the liquidation from happening, according to Lookonchain.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">This whale still managed to turn a profit despite being hunted by a team!<\/p>\n<p>11 hours ago, <a href=\"https:\/\/twitter.com\/Cbb0fe?ref_src=twsrc%5Etfw\">@Cbb0fe<\/a> publicly formed a team to hunt this whale who shorted <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> with 40x leverage.<\/p>\n<p>Just one hour later, the team was in action, driving <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> above $84,690 in a short period.<\/p>\n<p>The whale&hellip; <a href=\"https:\/\/t.co\/D6FBOFikZR\">pic.twitter.com\/D6FBOFikZR<\/a><\/p>\n<p>&mdash; Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1901469533224968503?ref_src=twsrc%5Etfw\">March 17, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">After closing the BTC short position, the whale started acquiring the largest altcoin by market cap, Ethereum (ETH). Data from <\/span><a href=\"https:\/\/etherscan.io\/tx\/0x94ae467e748761822653b064979973eb3c6cf2068d178dd3a353691b911dddb0\"><span style=\"font-weight: 400\">Etherscan<\/span><\/a><span style=\"font-weight: 400\"> shows the whale has scooped up over 2,300 ETH coins for more than $6.1 million earlier today.&nbsp;<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Best Crypto To Buy As Massive Short Position Leaves BTC&rsquo;s Order Book<\/span><\/h2>\n<p><span style=\"font-weight: 400\">With the whale closing its massive <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/us-spot-bitcoins-etfs-record-best-net-daily-inflows-in-6-weeks-ahead-of-fomc-meeting\"><span style=\"font-weight: 400\">Bitcoin<\/span><\/a><span style=\"font-weight: 400\"> short position, the crypto market king could start to rise. For investors looking to position themselves ahead of this potential increase, new meme coin <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/btcbull\" rel=\"nofollow\"><span style=\"font-weight: 400\">BTC Bull Token (BTCBULL)<\/span><\/a><span style=\"font-weight: 400\"> might be the best crypto to buy.<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-634734\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/BTCBULL-Tweet-1-1-233x300.png\" alt=\"BTCBULL Tweet\" width=\"375\" height=\"483\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/BTCBULL-Tweet-1-1-233x300.png 233w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/BTCBULL-Tweet-1-1.png 488w\" sizes=\"(max-width: 375px) 100vw, 375px\"><\/p>\n<p><span style=\"font-weight: 400\">The project is a BTC-themed meme coin, and aims to support the crypto market leader on its journey to $1 million per coin and beyond. As Bitcoin climbs to new heights, the project will reward its token holders with BTC airdrops and BTCBULL token burns at certain price milestones.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to BTC Bull Token&rsquo;s website, the next airdrops will happen when Bitcoin&rsquo;s price reaches $150K and $200K for the first time.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Along with the Bitcoin airdrops, there will also be BTCBULL burns that will remove tokens from the supply permanently. This will increase the scarcity of the crypto, which, coupled with the demand from investors looking to get in on the BTC airdrops, could lead to a price surge.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Several experts have already stepped forward to share their bullish predictions for <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/btcbull\" rel=\"nofollow\"><span style=\"font-weight: 400\">BTCBULL<\/span><\/a><span style=\"font-weight: 400\">. Among them is YouTuber Alessandro De Crypto, who has over 14.4K subscribers and said that BTCBULL could print massive gains for investors.&nbsp;<\/span><\/p>\n<p><iframe title=\"Buy This New Bitcoin BTC BULL Meme Coin For HUGE GAINS!! 1280% APY GAINS!!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/_9WM9uCQlGs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>BTC Bull Token has already raised over $3.7 million through its ongoing presale.<\/p>\n<p>Interested investors can purchase the meme coin via the buy widget embedded on the project&rsquo;s website using either crypto or bank card. Selling for $0.002415, anyone looking to buy at the best rate will want to act fast before the next presale hike scheduled to come into effect in 22 hours.<\/p>\n<h3><span style=\"font-weight: 400\">Related Articles:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/canary-capital-files-proposal-for-sui-etf-with-the-sec\"><span style=\"font-weight: 400\">Canary Capital Files Proposal For SUI ETF&nbsp;<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/binance-lands-biggest-ever-2-billion-investment-from-abu-dhabi-ai-investor-mgx\"><span style=\"font-weight: 400\">Binance Lands Biggest Ever Crypto Investment&nbsp;<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/immortal-rising-ii-sets-to-launch-its-immortal-statue-nfts-this-week\"><span style=\"font-weight: 400\">Immortal Rising II Sets To Launch Its Immortal Statue NFTs&nbsp;<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Best Wallet - 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According to Hyppurscan data, the large <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1954,"featured_media":636463,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[15057],"tags":[734,7598,15086],"class_list":["post-636460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sponsored","tag-bitcoin","tag-crypto","tag-market-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>As Whale Closes BTC Short, This Might Be The Best Crypto To Buy<\/title>\n<meta name=\"description\" content=\"As a whale closes his $516 million 40x Bitcoin short, this meme coin ICO 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