Bitcoin News Today: Bitcoin Whale's $900M Short Could Trigger Correction Amid Bullish Streak

A veteran Bitcoin investor, known as an OG whale, has initiated a significant short position against Bitcoin (BTC) and Ether (ETH), signaling expectations of a near-term market correction despite bullish price action in October 2025. The whale, holding approximately $11 billion in Bitcoin, opened nearly $900 million in leveraged short positions, including a $600 million 8x short on BTC and a $330 million 12x short on ETH, according to blockchain data platforms Onchain Lens and Lookonchain $11B Bitcoin Whale’s Return: BTC Short For $600M, ETH For $300M^[5]. The BTC short carries a liquidation threshold above $133,760, while the ETH short faces liquidation if the price surpasses $4,613 Bitcoin Whale's Nearly $900M BTC and ETH Shorts Could Signal …^[6].

The whale's actions align with broader market dynamics. Bitcoin's price briefly dipped below $120,000 earlier in October, prompting the whale to sell 3,000 BTC in the spot market and previously converting $5 billion of Bitcoin into ETH in August $11B Bitcoin whale bets on BTC, ETH correction with $900M shorts^[4]. This move contrasts with the overall bullish sentiment reflected in perpetual funding rates, which remained around 5% annually, indicating strong long-term positioning Bitcoin 'OG' Whale Raises Bearish BTC Bet Worth Over $400M^[1]. However, over 52% of Bitcoin holders across exchanges are currently short, while 47% remain long, per blockchain data from CoinAnk Bitcoin Whale's Nearly $900M BTC and ETH Shorts Could Signal …^[6].

The short positions have drawn attention from traders and analysts. Smaller retail cohorts-shrimp (less than 1 BTC), crab (up to 10 BTC), and fish (50–100 BTC) addresses-contributed to recent selling pressure, with aggregated sales totaling over 6,700 BTC, as reported by CryptoQuant $11B Bitcoin Whale’s Return: BTC Short For $600M, ETH For $300M^[5]. Meanwhile, the whale's ETH short position showed an unrealized profit of $2.6 million at the time of reporting, despite the broader market's volatility Bitcoin Whale's Nearly $900M BTC and ETH Shorts Could Signal …^[6].

Market participants are closely monitoring liquidation risks, particularly for high-leverage positions. A prior $516 million 40x Bitcoin short position, closed by a different whale in March 2025, yielded $9.4 million in profits after Bitcoin's price decline Whale closes $516M 40x Bitcoin short, pockets $9.4M …^[3]. Analysts caution that while easing inflation concerns and Fed policy expectations could support Bitcoin, sustained price action below key support levels may trigger further corrections Whale closes $516M 40x Bitcoin short, pockets $9.4M …^[3].

The whale's strategy underscores the growing influence of large players in crypto markets. Similar activity in August saw nine whale addresses acquire $456 million in ETH, contributing to price constraints $11B Bitcoin Whale’s Return: BTC Short For $600M, ETH For $300M^[5]. As leveraged short positions amplify downside risks, traders are advised to monitor liquidation thresholds and aggregated retail selling patterns for short-term directional cues.