Whale Opens Massive $BTC Short as Crypto Traders Monitor Action

[cryptohog]

BTC/USD four-hour chart with 200SMA, EMA. Source: Daan Crypto Trades/X

A whale has made waves in the crypto market, opening short positions worth nearly $167 million on Bitcoin, alongside $55 million on Ether and $19 million on Solana. The move comes as BTC struggles to climb above $90,000, currently hovering around $88,000.

Analyst Ted Pillows points out that until Bitcoin reclaims this key zone, sideways price action is likely to continue. While some traders are waiting for new intraday lows to enter long positions, the market is showing thin liquidity ahead of the holidays, amplifying the impact of large trades.

The development underscores that even as bullish divergences emerge, market sentiment remains cautious, with whales and institutional players driving key price movements.

[johnblockbuster]

typical whale moves