Bitcoin Whale Doubles Down on Short, Holding 409.58 BTC Worth $36M
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
Shorts pay
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.