Bitcoin Balina Opened a Short Position Worth 234 Million Dollars.

In recent weeks, market movements have increased the interest of major investors in Bitcoin. The sharp price drop on October 10 caught the attention of investors, leading some large whales to decide to open new positions. The investor known as the "Bitcoin OG (1011short)" has attracted attention with their recent moves.

This whale gained significant profits by opening a short position worth 200 million dollars. Currently, they are back in the spotlight with a new short position. This new position is valued at approximately 234 million dollars and has a liquidation price set at 123,000 dollars. This means that the position will be automatically closed when the Bitcoin price reaches this level.

Recently, the whale invested a total of 5,252 Bitcoins (approximately 587.8 million dollars) across Binance, Coinbase, and Hyperliquid. These moves have sparked significant curiosity among investors. On October 10, Bitcoin's price dropped from 122,000 dollars to 104,000 dollars following Donald Trump's announcement of a 100% tariff on China. On the same day, restrictions on China's rare earth element exports and technical issues experienced on Binance deepened the sell-off.

It is interesting to note that the whale known as "1011short" opened their large short position approximately 30 minutes before the collapse in Bitcoin's price, drawing attention and raising allegations of "insider trading" within investor circles.

Critical points for investors include monitoring the Bitcoin price at the liquidation price of 123,000 dollars and carefully observing the moves of other major investors. Furthermore, it is essential to remember that uncertainties regarding the market direction continue to persist.