Bitcoin Whale Doubles Down on Short, Holding 409.58 BTC Worth $36M
COINOTAG News, in a December 29 recap using Onchain Lens data, notes that a large whale address that previously sold 255 BTC has doubled down on shorting Bitcoin during the latest market dip, signaling a tactical shift in exposure by a major holder.
Currently, the entity holds 409.58 BTC, with a notional value around $36 million, and an entry price noted at $87,892 per BTC, reflecting a refined position aligned with hedging amid volatility.
The report highlights how on-chain analytics track sizable moves and framing implications for liquidity and near-term price dynamics, underscoring the credibility and value of Onchain Lens data for investors and market watchers.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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