Whale just opened a $340 million short on bitcoin
Squeeze time?
This seems like an odd time to put big money against bitcoin, but here it is:
(Source: https://x.com/rovercrc/status/1900972405901729849/photo/1)
Directional bet or someone hedging?
My guess would be some large holder protecting a billion dollar bitcoin holding.
They tend to put those hedges on at the bottom instead of when they should.
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