Whale closes $516M 40x Bitcoin short, pockets $9.4M profit in 8 days
18 Março 2025 - 6:48AM
Cointelegraph


A Bitcoin whale has closed over half a billion in short
positions, betting on Bitcoin price’s decline ahead of the
much-awaited Federal Open Market Committee (FOMC) meeting this
week.
A large crypto investor, or whale, made nearly $10 million
profit after closing a 40x leverage
short position for 6,210 Bitcoin (BTC) — worth over $516
million — which functions as a de facto bet on Bitcoin’s price
fall.
Leveraged
positions use borrowed money to increase the size of an
investment, which can boost the size of both gains and losses,
making leveraged trading riskier compared to regular investment
positions.
Bitcoin whale closed shirt positions. Source:
Hypurrscan
The savvy whale closed all his short positions within a few
hours, making a $9.46 million profit from Bitcoin’s decline,
Hypurrscan
data shows.
The whale opened the initial $368 million position at $84,043
and faced liquidation if Bitcoin’s price surpassed $85,592.
The whale managed to turn a profit, despite having to add $5
million to his short, after a publicly-formed team of traders
started to “hunt” his short position’s liquidation, which
ultimately failed, noted Lookonchain, in a March
17 X post.
Bitcoin whale made $9.4 million in profit. Source:
Hypurrscan
After closing his Bitcoin shorts, the whale started accumulating
Ether (ETH) with his profits, acquiring over
3,200 Ether for over $6.1 million at 7:31 am UTC on March 18,
Etherscan
data shows.
The profit-taking comes a day ahead of the upcoming FOMC meeting
on March 19, which will offer market participants more cues on the
Federal Reserve’s monetary policy path for 2025 and has the
potential to impact investor appetite for risk assets such
as Bitcoin.
Related: Bitcoin experiencing ‘shakeout,’ not end of
4-year cycle: Analysts
Bitcoin may see upside on easing inflation concerns:
analyst
Inflation-related concerns are starting to ease following the
release of February’s US Consumer Price Index (CPI), which revealed
a lower-than-expected 2.8% year-on-year increase compared to the
expected 2.9%.
Easing inflation-related concerns may be a positive sign for the
upcoming FOMC meeting, according to Fumihiro Arasawa, co-founder
and CEO of xWIN Research.
The lower CPI reading may also be a positive sign for Bitcoin’s
trajectory, the CEO told Cointelegraph, adding:
“This suggests that inflationary pressures are
gradually easing, which could influence the Federal Reserve’s
monetary policy decisions.”
“Bitcoin’s short-term price action will depend on whether it can
hold the $81,000 support level. A sustained hold could stabilize
sentiment, while a breakdown may trigger further corrections,”
added Arasawa.
Related: Crypto market’s biggest risks in 2025: US
recession, circular crypto economy
Bitcoin target rate probabilities. Source: CME Group’s
FedWatch
tool
Markets are currently pricing in a 99% chance that the Fed will
keep interest rates steady, according to the latest estimates of
the CME Group’s FedWatch tool.
“The market largely expects the Fed to hold rates steady, but
any unexpected hawkish signals could put pressure on Bitcoin and
other risk assets,” Ryan Lee, chief analyst at Bitget Research,
told Cointelegraph.
Magazine: SEC’s
U-turn on crypto leaves key questions
unanswered
...
Continue reading Whale closes $516M 40x Bitcoin
short, pockets $9.4M profit in 8 days
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Whale closes $516M 40x Bitcoin short, pockets $9.4M
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