Just checked on-chain data, and found that a whale is playing tricks again. The address starting with 0x004 has been especially active lately—this month, it’s already opened shorts five times. It’s really persistent.

Just now, over the past half an hour, it opened another BTC short position, pushing the leverage to 33x and keeping the average price at $70,745. In one go, it dumped 200 BTC into it, with a position size of about $14.15 million. What’s interesting is that this order is already showing a 10% unrealized loss. You know, this address had only just closed out its previous short earlier this morning—then, turning around, it immediately entered a new short position, as if it’s betting that BTC will retrace.

Now BTC price has already moved beyond 76K, so it looks like the timing for this short isn’t great. Still, since the whale is so stubbornly repeating shorts, it probably has its own logic—maybe it’s just testing the market’s patience.