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

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$79,008.03

Resistance 2$75,548.63

Resistance 1$72,179.52

Price$71,351.87

Support 1$70,589.27

Support 2$67,300.00

Support 3$62,909.86

Pivot (PP):$70,598.27

Trend:Downtrend

RSI (14):35.3

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.