Bitcoin Whale Raises Massive Short on BTC (6,189 @10x) and ETH, Total Position Exceeds $1.1B

On October 10, COINOTAG, citing LookIntoChain monitoring, reported that a long-standing cryptocurrency whale increased leveraged short positions on Bitcoin (BTC) and Ethereum (ETH), a development relevant to risk desks and derivatives traders tracking concentrated counterparty exposure.

The report specifies the address reportedly shorted 6,189 BTC with 10x leverage (reported notional ~$7.529 billion) and 81,203 ETH with 12x leverage (reported notional ~$3.531 billion), listing cited liquidation prices of $130,810 for BTC and $4,589.3 for ETH; these figures are presented as monitored data rather than trading advice.