Bitcoin Dips to $108K as 1011 Insider Whale Short Position Nets Nearly $1.8M Profit

COINOTAG News, citing on-chain data, reports that Bitcoin has tumbled toward the $108,000 level on October 21. Within this move, the so‑called 1011 Insider Whale short position posted an estimated profit of nearly $1.8 million.

The result underscores how oversized short positions can magnify downside exposure and influence near‑term price action as liquidity and risk management tactics adjust. Traders appear to be pricing in ongoing volatility while the Bitcoin market digests macro headlines and on-chain signals.

Going forward, market participants should track leverage trends, order flow, and liquidity conditions to gauge whether this profit instance signals a broader adjustment in risk appetite among major BTC holders.

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