The post Bitcoin Large Holders Open Massive Short Position Amid Brief Upward Move appeared on BitcoinEthereumNews.com.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Excitement has swelled in the crypto community following Bitcoin‘s recent upward move to key resistance levels. While the move may have sparked optimism, many investors’ reactions toward BTC were negative as they continued to bet on a sustained decline, creating a bearish outlook for the asset. Whale Shorting Activity On The Rise As Bitcoin’s price struggles to break through key resistance levels, a worrying shift has been cited among big investors or whales. Alphractal, an advanced investment and on-chain data platform reveals rising pessimism among these investors as they bet on an extension of the ongoing correction. BTC recently saw a brief surge to the $87,000 level even as volatility grows in the broader crypto market. However, the upward move was met with strong resistance as whale holders massively opened short positions after the upswing. “Whales Enter Short Positions on Bitcoin as Leverage Increases,” the platform stated. Despite the brief move to the $87,000 mark, these big investors have chosen to close their long positions and open more shorts. Given the ongoing volatility of the market, this shift has raised questions about BTC’s prospects in the short term. Whale participation often influences price trajectory, which could cause Bitcoin to continue dropping in the upcoming weeks. However, if buying pressure intensifies at critical support zones and creates a strong defense, BTC may move in an upward direction. Whales opening short positions | Source: Alphractal on X Furthermore, Alphractal points to a rise in market leverage. After examining the Bitcoin Aggregated Open Interest/Market Cap Ratio, the platform noted that the metric is rising again, reflecting growing leverage. According to the platform, this increase in market leverage might set off a fresh round of volatility, resulting in further mass liquidations.…

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Filed under: News - @ March 22, 2025 5:25 am