Bitcoin Whale Boosts Short Position by 533 BTC Amid Market Volatility

A prominent Bitcoin whale has made another significant move in the market, adding 533.02 BTC to their short position at $64,183.

This brings the total value of the short to approximately $84.02 million and increases the unrealized profit to around $251,000 after earlier losses exceeded $811,000.

The whale's position remains the largest on the platform, opened on August 5th, as Bitcoin recorded its first close below $64,000 in recent sessions.

According to technical analysis, BTC currently sits at $64,078.21 within the Bollinger band, with upper resistance at $65,629.22 and lower support at $64,028.29.