High-Profile Ethereum Whale Raises Leverage to 8x, Expands Bitcoin Short to 5,000 BTC ($604M)

COINOTAG News on October 10 reports that Onchain Lens monitoring identified a high-profile Ethereum whale expanding its Bitcoin short position, increasing leverage from 6x to 8x and currently holding an estimated 5,000 BTC short exposure worth about $604 million. The on-chain data reflects a notable change in this account’s risk profile; higher leverage elevates margin requirements and the potential for liquidation under adverse price movement. Market participants and risk managers can rely on these verifiable on-chain metrics to assess exposure, while maintaining disciplined position-sizing and transparent reporting to gauge broader market impact.