Whale Closes Profitable BTC Shorts at $119K, Reenters New Short Position at $116K

On July 25, prominent on-chain analyst Ai Yi (@ai_9684xtpa) reported that a significant crypto whale, previously targeting 10 major price points, has liquidated earlier short positions in Bitcoin (BTC) and Ethereum (ETH). The whale’s initial BTC short entry was at approximately $119,425, yielding a floating profit near $8.5 million before the position was closed to realize gains. Conversely, the ETH short position, entered around $3,528.85, appears to have been stopped out due to market movements. Currently, the whale has reinitiated a short on BTC at a new entry price of $116,065.2, signaling a strategic repositioning in response to evolving market dynamics. This activity underscores the importance of monitoring large-scale trader behavior for insights into potential price trends within the crypto market.