BTC short positions turn profitable: Whales use 10x leverage to short nearly 1,600 Bitcoins

ZkSnarker · 2026-01-08T09:26:10+00:00

Recently, Bitcoin has declined, and a whale has profited from a short position in the derivatives market, shorting 1599.61 BTC with 10x leverage, with unrealized gains of $2.1 million. Additionally, the whale has also taken short positions in 6 altcoins, all in profit, indicating a clear view of the market trend.

ZkSnarker

2026-01-08 09:26:10

Abstract generation in progress

【Crypto Rhythm】As Bitcoin continues to decline recently, a major whale’s short positions in the derivatives market have also started to turn profitable. This whale shorted 1599.61 BTC on a leveraged trading platform with 10x leverage, with an average entry price around $91,331.6. Currently, the unrealized profit has reached $2.1 million. In other words, this whale’s BTC short position is appreciating under highly leveraged conditions.

Not only are Bitcoin short positions profitable, but this giant whale’s trading account also holds short positions in 6 altcoins, all of which are currently in profit. It seems this whale has a quite clear view of the market’s future direction.

BTC-2,87%

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NotSatoshi

· 01-10 17:57

Here we go again. Is this whale so confident in being bearish? I'm just worried that a rebound might directly trigger liquidation, haha.

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SatoshiNotNakamoto

· 01-10 12:49

Wow, this whale is playing really boldly. They dare to short with 1,600 coins at 10x leverage. How bearish are they?

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DefiPlaybook

· 01-09 13:18

Using 10x leverage to short 1,600 BTC still results in a floating profit of 2.1 million. How strong is this whale's confidence in betting against the market... It’s worth noting that simultaneously shorting six different altcoins is also profitable. From three perspectives, this situation is actually very dangerous — first is leverage risk, second is liquidity risk, third is black swan risk. Historical data shows that the liquidation rate of such extreme operations is actually much higher than people imagine...

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FlatTax

· 01-08 09:56

Damn, 10x leverage short on 1,600 Bitcoins. This whale really has some guts...

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TaxEvader

· 01-08 09:56

Wow, this whale is really bold. Using 10x leverage to short 1600 coins, and now they've already made 2.1 million. I'm honestly a bit scared.

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ImaginaryWhale

· 01-08 09:50

This whale is really betting on the entire market crashing, with a floating profit of 2.1 million still not realized.

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StakoorNeverSleeps

· 01-08 09:49

10x leverage shorted 1600 BTC? This guy is really betting aggressively. What does a floating profit of 2.1 million USD indicate... It seems their bearish outlook is really confident.

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ForumLurker

· 01-08 09:44

Oh my god, this whale has a short position of 2.1 million USD, and I'm still betting on a rebound...

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GhostAddressHunter

· 01-08 09:29

Here it comes again, this whale is really ruthless. Short 1,600 Bitcoins with 10x leverage and directly make 2.1 million. You must really understand the market to make such a move.

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