Bitcoin Whale Expands Short to 657 BTC ($70.9M) with 100% Win Rate After $250M BTC-ETH Long

In a fresh on-chain signal highlighted by COINOTAG News, a wallet once linked to a $250 million long position in Bitcoin and Ethereum has increased its short exposure. The address now holds 657 BTC-equivalents, up from 299.69 BTC, valued at about $70.9 million. The entry price is near $108,530, with unrealized profits around $472,000. Seven new positions opened in the past two weeks accompany a reported 100% win rate, according to the tracker. Analysts view this as hedging rather than a directional bet, signaling evolving risk management among large holders.

For crypto-market participants, this on-chain shift should be weighed against broader drivers. It signals repositioning but does not guarantee near-term moves and may reflect hedging, arbitrage, or liquidity management. Ongoing monitoring of corroborating flows will help gauge implications for BTC and ETH volatility.