Bitcoin Whale Takes $332M Short Position, Sparking Market Crash Concerns

Bitcoin Whale Takes $332M Short Position, Sparking Market Crash Concerns

By Marcus Bennett

March 16, 2025 at 02:52 PM

A mysterious crypto whale has placed a massive $332 million short position on Bitcoin, betting on a significant price drop from the current $84,040 level.

Bitcoin coins near laptop and cash

Bitcoin coins near laptop and cash

This 40x leveraged position faces liquidation if Bitcoin moves just 2.5% against it. The trader has set two take-profit targets:

  • First target: $69,414
  • Second target: $58,664

Potential Market Impacts:

  • Increased selling pressure from traders anticipating a drop
  • Risk of a liquidation cascade if Bitcoin approaches profit targets
  • Possible market manipulation to influence price action

The size of this position raises several concerns:

  • Potential insider knowledge of bearish events
  • Strategy to trigger panic selling
  • Market manipulation attempts

Bitcoin currently remains stable above $80,000. Two possible scenarios could unfold:

  1. If Bitcoin holds its position, the whale faces liquidation, potentially triggering a short squeeze
  2. If selling pressure increases, the market could see a sharp correction toward the stated targets

This trade's outcome will likely influence short-term market direction, with particular attention needed on whale tracking tools and leverage liquidations.

💥BREAKING:

THE WHALE WHO OPENED A $332M SHORT ON BITCOIN AT $84,040 YESTERDAY HAS SET TAKE PROFITS:

1ST TP: $69,414 2ND TP: $58,664

HE 100% KNOWS SOMETHING… pic.twitter.com/Gd82OOyKn9

The next few days will be crucial for Bitcoin's price action as the market reacts to this significant short position.

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