Bitcoin whale ‘still short’ BTC despite facing $13M in losses

A growing cluster of bearish indicators points to a possible Bitcoin pullback toward $71,000, potentially easing the whale’s $13 million net losses.

A Bitcoin (BTC) whale is now down about $13 million as BTC price has rebounded by around 40% from its February lows. However, the trader continues to stand by the short position.

Key takeaways:

Known by the moniker ‘pension-usdt.eth,’ the trader is short 1,000 BTC, worth about $81.06 million, with 3x cross leverage, according to data gathered by HypurrScan.IO.

Read more