On-chain data reveals a major investor shorted Bitcoin with high leverage after previously taking large long positions in BTC and ETH.
On-chain analyst Ai Yi reported that a cryptocurrency whale has opened a Bitcoin short position using 18x leverage, holding 134.55 BTC valued at approximately $14.53 million at an entry price of $108,200. This trade follows the whale’s prior long exposure worth $250 million across Bitcoin and Ethereum. Such high-leverage moves by large holders can significantly affect market sentiment and contribute to price volatility.