Whale Takes Aggressive Short Position on Bitcoin Amid Fluctuating Prices

A notable cryptocurrency entity has initiated a substantial short position on Bitcoin (BTC), signaling potential bearish sentiments in the market. According to OnchainLens, this entity, known for its aggressive trading strategies, has opened a new 40x leveraged short on BTC involving 521.69 BTC.

The move comes alongside the whale's ongoing 5x leveraged short position on Dash (DASH), which has already yielded a $4 million profit. However, the overall portfolio reflects significant losses exceeding $33.64 million, highlighting the high-stakes risks inherent in leveraged trading within volatile crypto markets.