Bitcoin Whale Doubles Down on Short, Holding 409.58 BTC Worth $36M

COINOTAG News, in a December 29 recap using Onchain Lens data, notes that a large whale address that previously sold 255 BTC has doubled down on shorting Bitcoin during the latest market dip, signaling a tactical shift in exposure by a major holder.

Currently, the entity holds 409.58 BTC, with a notional value around $36 million, and an entry price noted at $87,892 per BTC, reflecting a refined position aligned with hedging amid volatility.

The report highlights how on-chain analytics track sizable moves and framing implications for liquidity and near-term price dynamics, underscoring the credibility and value of Onchain Lens data for investors and market watchers.