Bitcoin News Today: Bitcoin Whale's $27M Short Profit Defies Bullish October History

Generated by AI AgentCoin World
Friday, Oct 10, 2025 5:07 pm ET1min read
Aime RobotAime Summary

- Bitcoin whale "BitcoinOG" earns $27M profit via 8x BTC and 12x ETH short positions amid market volatility.

- $600M BTC short faces $133,760 liquidation price; ETH short risks closure at $4,613 as Fed rate cut speculation rises.

- Over 50% of BTC/ETH traders hold short positions, aligning with ETF outflows and macroeconomic uncertainties like delayed data releases.

- Whale's aggressive leverage contrasts Bitcoin's 73% historical October rally odds, risking rapid liquidation if prices surge unexpectedly.

A prominent

Bitcoin
whale, known as "BitcoinOG," has generated $27 million in unrealized profits from leveraged short positions on Bitcoin (BTC) and
Ethereum
(ETH) amid recent market volatility. The whale, holding over $11 billion in
BTC
, opened a $600 million 8x leveraged short on Bitcoin and a $330 million 12x leveraged short on Ether, according to blockchain analytics platforms Onchain Lens $11B OG Bitcoin Whale Bets on BTC, ETH Correction[1] and Lookonchain Bitcoin Whale’s Nearly $900M BTC and ETH Shorts Could Signal Short-Term Correction[3]. These positions, taken as the market anticipates a Federal Reserve rate cut in late October, are poised to profit if prices drop below key thresholds.

The BTC short position has a liquidation price of $133,760, while the

ETH
short faces a liquidation level at $4,613 Bitcoin Whale’s Nearly $900M BTC and ETH Shorts Could Signal Short-Term Correction[3]. As of October 10, 2025, Ethereum's short position alone reported an unrealized profit of $2.6 million $11B OG Bitcoin Whale Bets on BTC, ETH Correction[1]. The whale's aggressive use of high leverage reflects confidence in a near-term market correction, despite broader optimism for Bitcoin's performance in October. Analysts suggest that the whale's actions could amplify downside pressure, encouraging other large traders to follow suit.

Market dynamics further support the whale's bearish outlook. Over 52% of BTC holders across exchanges are currently short, while 51% of ETH traders have also adopted short positions $11B OG Bitcoin Whale Bets on BTC, ETH Correction[1]. This trend aligns with on-chain data showing US spot Ethereum ETFs experiencing $8.54 million in net outflows on October 9, despite Bitcoin's strong inflows of $198 million on the same day $11B OG Bitcoin Whale Bets on BTC, ETH Correction[1]. The shift in institutional capital toward Bitcoin underscores a broader rotation, with Ethereum ETFs still attracting $1.3 billion in net inflows during October's first week.

The whale's strategy also coincides with heightened volatility linked to macroeconomic uncertainty. Polymarket traders price in a 91% chance of a 25-basis-point Fed rate cut during the October 28–29 meeting $11B OG Bitcoin Whale Bets on BTC, ETH Correction[1]. Additionally, the U.S. government shutdown has delayed key economic data releases, adding to market jitters. While Bitcoin has recovered to trade around $121,943 after a recent dip to $120,000, Ethereum remains down nearly 2.7% for the week $11B OG Bitcoin Whale Bets on BTC, ETH Correction[1].

The whale's moves contrast with broader market sentiment, where historical October data for Bitcoin shows a 73% chance of a positive monthly close Bitcoin, Ethereum and XRP Price Prediction for October 2025[2]. However, past corrections averaging 30% during losing Octobers, such as in 2018, highlight the risks of overconfidence in a bullish bias Bitcoin, Ethereum and XRP Price Prediction for October 2025[2]. The whale's high leverage narrows safety margins, making the positions vulnerable to rapid liquidation if prices spike above thresholds.