Bitcoin Whale Adds to $125M Short Position, Holds 1900 BTC

A prominent Bitcoin whale has significantly increased its short position by adding 258 BTC to its existing holdings, valued at $125 million. According to blockchain data, the whale now holds 1900 BTC after the latest addition. The average entry price for these recent purchases was around $63,582.

The move comes as Bitcoin's price action on the 4-hour chart shows a bearish structure, with key moving averages acting as resistance. The MACD death cross at -333.84 confirms downward momentum, while the Relative Strength Index (RSI) of 32.83 suggests further tests of the lower Bollinger support level are possible.

The whale's aggressive layering strategy aligns with ongoing Bitcoin price prediction models that factor in crypto whale activity during periods of elevated short positions and potential market crash scenarios.