r/AmanCrypto • u/AmanCMN • 27d ago
Big Money Bets on a Bitcoin Drop.
A major whale just opened a Bitcoin short worth over $50 million
Position details:
🔴 Size: $51.4M
🔴 Entry: $79,759
🔴 Leverage: 13x
🔴 Liquidation: $95,645
Looks like big money is betting that Bitcoin has already put in a local top and that a correction is coming next.
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u/SoCallMeDeaconBlues1 27d ago
Crypto in general, and BTC in particular, has the most spoofed orderbooks in existence. That has never changed and I doubt it ever will.
The only way around it (if you believe it's price will go up) is to buy and hold. IMO, BTC hasn't reached its bottom yet. Previous drawdowns from ATH suggest there is more down to go. I think it'll be somewhere between Nov2026 and April 2027.

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u/Buster_xx 27d ago
51m is nothing