Bitcoin Ancient Whale Shorts $1.1B+ in BTC and ETH Amid Market Drop, Realizes $27M Profit

COINOTAG News (October 10) reports that monitoring by LookIntoChain identified an on‑chain actor dubbed the Ancient Whale increasing exposure through concentrated short positions on Bitcoin (BTC) and Ethereum (ETH). Data show the entity currently holds in excess of $1.1 billion in shorts, with a reported realized profit exceeding $27 million. Market participants are advised to track on‑chain metrics such as open interest and funding rates to contextualize this large short concentration within broader liquidity and risk frameworks.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.