Summary
- It was reported that an anonymous whale has established large short positions on Bitcoin (BTC) and Ethereum (ETH).
- Analyst Ted Pillows explained that this whale has taken short positions worth $250 million after incurring a recent $16.28 million loss.
- The whale took short positions with 40x leverage on Bitcoin and 25x leverage on Ethereum, implying a bearish market.
An anonymous whale has reportedly taken large short (sell) positions on Bitcoin (BTC) and Ethereum (ETH).
On the 13th (local time), Ted Pillows, a cryptocurrency analyst, stated on X (formerly Twitter), "A whale who recently took a $16.28 million loss has established short positions worth $250 million in Bitcoin and Ethereum," adding, "The market is currently bearish."
According to the attached material, the anonymous whale established 40x short positions on Bitcoin and 25x on Ethereum.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Exclusive] South Korea’s FSS to look into ZKsync coin after a 1,000% surge in just three hours](https://media.bloomingbit.io/PROD/news/073d8ae6-ffa0-4b8b-85dd-3f131d9eb908.webp?w=250)
