{"id":125295,"date":"2025-03-18T10:18:07","date_gmt":"2025-03-18T10:18:07","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125295"},"modified":"2025-03-18T10:18:07","modified_gmt":"2025-03-18T10:18:07","slug":"whale-closes-516m-40x-bitcoin-short-pockets-9-4m-profit-in-8-days","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125295","title":{"rendered":"Whale closes $516M 40x Bitcoin short, pockets $9.4M profit in 8 days"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsA Bitcoin whale has closed over half a billion in short positions, betting on Bitcoin price\u2019s decline ahead of the much-awaited Federal Open Market Committee (FOMC) meeting this week.<br \/>\nA large crypto investor, or whale, made nearly $10 million profit after closing a 40x leverage short position for 6,210 Bitcoin (BTC) \u2014 worth over $516 million \u2014 which functions as a de facto bet on Bitcoin\u2019s price fall.<br \/>\nLeveraged positions use borrowed money to increase the size of an investment, which can boost the size of both gains and losses, making leveraged trading riskier compared to regular investment positions.<br \/>\nBitcoin whale closed shirt positions. Source: HypurrscanThe savvy whale closed all his short positions within a few hours, making a $9.46 million profit from Bitcoin\u2019s decline, Hypurrscan data shows.<br \/>\nThe whale opened the initial $368 million position at $84,043 and faced liquidation if Bitcoin\u2019s price surpassed $85,592.<br \/>\nThe whale managed to turn a profit, despite having to add $5 million to his short, after a publicly-formed team of traders started to \u201chunt\u201d his short position\u2019s liquidation, which ultimately failed, noted Lookonchain, in a March 17 X post.<br \/>\nBitcoin whale made $9.4 million in profit. Source: HypurrscanAfter closing his Bitcoin shorts, the whale started accumulating Ether (ETH) with his profits, acquiring over 3,200 Ether for over $6.1 million at 7:31 am UTC on March 18, Etherscan data shows.<br \/>\nThe profit-taking comes a day ahead of the upcoming FOMC meeting on March 19, which will offer market participants more cues on the Federal Reserve\u2019s monetary policy path for 2025 and has the potential to impact investor appetite for risk assets such as Bitcoin.<br \/>\nRelated: Bitcoin experiencing \u2018shakeout,\u2019 not end of 4-year cycle: Analysts<br \/>\nBitcoin may see upside on easing inflation concerns: analyst<br \/>\nInflation-related concerns are starting to ease following the release of February\u2019s US Consumer Price Index (CPI), which revealed a lower-than-expected 2.8% year-on-year increase compared to the expected 2.9%.<br \/>\nEasing inflation-related concerns may be a positive sign for the upcoming FOMC meeting, according to Fumihiro Arasawa, co-founder and CEO of xWIN Research.<br \/>\nThe lower CPI reading may also be a positive sign for Bitcoin\u2019s trajectory, the CEO told Cointelegraph, adding:<br \/>\n\u201cThis suggests that inflationary pressures are gradually easing, which could influence the Federal Reserve\u2019s monetary policy decisions.\u201d<br \/>\n\u201cBitcoin\u2019s short-term price action will depend on whether it can hold the $81,000 support level. A sustained hold could stabilize sentiment, while a breakdown may trigger further corrections,\u201d added Arasawa.<br \/>\nRelated: Crypto market\u2019s biggest risks in 2025: US recession, circular crypto economy<br \/>\nBitcoin target rate probabilities. Source: CME Group\u2019s FedWatch toolMarkets are currently pricing in a 99% chance that the Fed will keep interest rates steady, according to the latest estimates of the CME Group\u2019s FedWatch tool.<br \/>\n\u201cThe market largely expects the Fed to hold rates steady, but any unexpected hawkish signals could put pressure on Bitcoin and other risk assets,\u201d Ryan Lee, chief analyst at Bitget Research, told Cointelegraph.<br \/>\nMagazine: SEC\u2019s U-turn on crypto leaves key questions unanswered<a href=\"https:\/\/cointelegraph.com\/news\/whale-516m-40x-bitcoin-short-9-4-m-8-days?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsA Bitcoin whale has closed over half a billion in short positions, betting on Bitcoin price\u2019s decline ahead of the much-awaited Federal Open Market Committee (FOMC) meeting this&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125295"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125295"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125295\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125295"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}