Crypto Whale Bets Against the Market: Maintains $234 Million BTC Short Position

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Oct 22 2025

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Crypto Whale's Short Position: A crypto whale, who previously profited ~$200 million from shorting Bitcoin, now holds a ~$234 million short position, indicating skepticism about the current market rebound.
Market Reaction to Bitcoin's Rally: Despite Bitcoin's rise to ~$114,000, the whale's new short position suggests he anticipates a downturn rather than sustained growth, with a liquidation price set around $123,000.
Volatility in the Crypto Market: On October 10, 2025, Bitcoin experienced significant volatility, dropping from ~$122,000 to ~$104,000 due to external factors, including a surprise US tariff announcement.
Caution for Investors: The whale's actions signal that the market may lack confidence, as indicators of trend strength remain weak, suggesting that the current price bounce could be temporary and not indicative of a long-term uptrend.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 3 indicators are flashing buy, while 6 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	53055.1	57782.69	62437.82	67165.41	71820.54	76548.13	81203.26
Fibonacci	57782.69	61366.889	63581.211	67165.41	70749.609	72963.931	76548.13

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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