Whale Went short on BTC

[pinggoki]

I don't think there's such a thing as insider information in bitcoin because if that was the case, wouldn't that mean that bitcoin is susceptible to market manipulation? I think that it's just a seasoned whale that knows how the market moves and doesn't really care for, just happens to know that he can somehow convince people to talk about it. We have to be vigilant about this one though because we all know how volatile bitcoin is, better to cover our asses on both possibilities so we're not left behind.

[Wind_FURY]

OP, I believe that the "Whale" has already covered his short position. What is that telling us the plebs about the FOMC meeting on Wednesday?

Perhaps he was merely trading, and took advantage, of the low liquidity weekend, and actually doesn't care about Jerome Powell and the FOMC meeting? Next weekend, he/she will probably open a 50x long position in Bitcoin.

  ¯\_(ツ)_/¯

[virasog]

OP, I believe that the "Whale" has already covered his short position. What is that telling us the plebs about the FOMC meeting on Wednesday?

Perhaps he was merely trading, and took advantage, of the low liquidity weekend, and actually doesn't care about Jerome Powell and the FOMC meeting? Next weekend, he/she will probably open a 50x long position in Bitcoin.

  ¯\_(ツ)_/¯

Yes, after some up and down of the bitcoin price he decided to close that Bitcoin Short. However, the good thing for him was that he was able to close the position in profit. I think he also senses that FOMC meeting may bring something positive for the markets  I thought market will take this as a good news that whale has closed the short position but seems like there is some selling pressure on bitcoin or price is being suppressed on purpose 

Anyways, that Whale is long on Melania token now   

[crwth]

He interacts massively with the market, knowing he has that capability. Imagine a small percentage of what he has now and how much he could earn with just one swing. It may be a short-term position, but it could go long-term.

Or maybe he has really insider information and it could bear fruit in the coming days. we will see.

[Smack That Ace]

I don't think there's such a thing as insider information in bitcoin because if that was the case, wouldn't that mean that bitcoin is susceptible to market manipulation? I think that it's just a seasoned whale that knows how the market moves and doesn't really care for, just happens to know that he can somehow convince people to talk about it. We have to be vigilant about this one though because we all know how volatile bitcoin is, better to cover our asses on both possibilities so we're not left behind.

You think bitcoin is not manipulated? I even believe that bitcoin and crypto are the most manipulated markets because the market is still quite free, without too many strict regulations. Also, not just bitcoin, every financial market will be manipulated, this is an integral part of the financial game. The only difference is that markets with larger market capitalizations, more tightly regulated are harder to manipulate than small, free markets.

But anyway, that whale closed the short and made over $9 million in profit and not a bad return. As OP replied below: whales closing shorts could be a positive signal for the market as we have the FOMC meeting, and a call between Trump and Putin about ending the 3 year war in Ukraine in the next few hours.

[dezoel]

I don't think there's such a thing as insider information in bitcoin because if that was the case, wouldn't that mean that bitcoin is susceptible to market manipulation? I think that it's just a seasoned whale that knows how the market moves and doesn't really care for,.

We already know that there are whales and they can shake this market with their power but if we know their plans in advance we can take advantage of the situation. That being said, an insider information is also possible here in Bitcoin. Even without that, the whales actions alone are already manipulating the market.

just happens to know that he can somehow convince people to talk about it. We have to be vigilant about this one though because we all know how volatile bitcoin is, better to cover our asses on both possibilities so we're not left behind.

No need to convince us but we automatically talk anything that is related on this market. That's what is called as 'speculation'.  There are still scams that only uses those whales for their own gains. Definitely we need to be vigilant about them. We can also take part of the legit ones but for me, I prefer the free ones only if ever there are.

[philipma1957]

I Just found one address shared on social media where it showed that a whale send short on BTC at entry price 84,018$. His liquidation price was around 85500$ but he added around 5,001,874$ in his account to increase his liquidation to 86,593$.

Is he some insiders who knows what's coming in immediate short term as he is heavy on short with 40x. Maybe he knows whats coming at FOMC meeting. No rate cuts  

https://hypurrscan.io/address/0xf3F496C9486BE5924a93D67e98298733Bb47057c

it is now obvious the whale knew that Israel would break the truce and kill 400 people.

So the whale picked up some blood money.

[Jegileman]

Big whales like this are risk takers, he may have just done some analysis on the market and felt that the direction the market will be going to will be that which he placed his trade to follow, so you don’t need to be surprised to see him wager such a big amount of money. He may have just risked what he can afford to lose and don’t mind been liquidated. They take high risk and only risks like this give them big profits. If he takes risks like this three times and one went his direction, he’ll regain back all what he has lost. So this is not something to be surprised about, the market may not go his direction and he will be okay with it and won’t hesitate to wager another big amount into another trade to make him money and recover for this.

[Wind_FURY]

OP, I believe that the "Whale" has already covered his short position. What is that telling us the plebs about the FOMC meeting on Wednesday?

Perhaps he was merely trading, and took advantage, of the low liquidity weekend, and actually doesn't care about Jerome Powell and the FOMC meeting? Next weekend, he/she will probably open a 50x long position in Bitcoin.

  ¯\_(ツ)_/¯

Yes, after some up and down of the bitcoin price he decided to close that Bitcoin Short. However, the good thing for him was that he was able to close the position in profit. I think he also senses that FOMC meeting may bring something positive for the markets  I thought market will take this as a good news that whale has closed the short position but seems like there is some selling pressure on bitcoin or price is being suppressed on purpose 

OK,

First you said - He was shorting Bitcoin because he might be an insider who has information about Jerome Powell's decision during the FOMC meeting, and that it might send markets crashing.

Currently - He also "senses" that the FOMC meeting might be positive for markets?

That probably means he doesn't have any information, no? He was merely trading the illiquid market weekend.

Anyways, that Whale is long on Melania token now   

What's Melania?

[justdimin]

I don't think there's such a thing as insider information in bitcoin because if that was the case, wouldn't that mean that bitcoin is susceptible to market manipulation? I think that it's just a seasoned whale that knows how the market moves and doesn't really care for, just happens to know that he can somehow convince people to talk about it. We have to be vigilant about this one though because we all know how volatile bitcoin is, better to cover our asses on both possibilities so we're not left behind.

You think bitcoin is not manipulated? I even believe that bitcoin and crypto are the most manipulated markets because the market is still quite free, without too many strict regulations. Also, not just bitcoin, every financial market will be manipulated, this is an integral part of the financial game. The only difference is that markets with larger market capitalizations, more tightly regulated are harder to manipulate than small, free markets.

But anyway, that whale closed the short and made over $9 million in profit and not a bad return. As OP replied below: whales closing shorts could be a positive signal for the market as we have the FOMC meeting, and a call between Trump and Putin about ending the 3 year war in Ukraine in the next few hours.

"Manipulation" isn't what people think with price, sure that is considered manipulation in a sense, but that is not what manipulation is in the stock market.

What manipulation in stock market is, if a big company invests with a stock, they make it known all over the world, and have shorting ready from their smaller sub-companies, and then get out by saying something bad, so it crashes, and shorting makes them wealthy. That is manipulation for example, there are million other ways of course. But manipulation in this case is basically making something worth what it is not worth, if it should be 10 bucks, then make it 5 or 15 by doing something shady. The trouble is we need to ignore these in crypto, because bitcoin is precisely priced as what the market decides.

[kotajikikox]

I don't think there's such a thing as insider information in bitcoin because if that was the case, wouldn't that mean that bitcoin is susceptible to market manipulation?

There is no one controlling bitcoin that is why there is no such thing as insider information however if someone was planning on buying or selling big chunks of bitcoin all at once and told this to only specific people then this can be considered as an insider information. Still, They would still not be able to completely manipulate the market the way they want it to.

[tokeweed]

I Just found one address shared on social media where it showed that a whale send short on BTC at entry price 84,018$. His liquidation price was around 85500$ but he added around 5,001,874$ in his account to increase his liquidation to 86,593$.

Is he some insiders who knows what's coming in immediate short term as he is heavy on short with 40x. Maybe he knows whats coming at FOMC meeting. No rate cuts  

https://hypurrscan.io/address/0xf3F496C9486BE5924a93D67e98298733Bb47057c

Ah the infamous HL bear whale.    Yeah the guy is funny.  There was even his name change in his alias at Hypurrscan that prolly made the market fall a bit lower.  He changed it to 'Tether FUD', which got prolly got some guys at CT spooked and closed their trades.    Just shows what the state of the market is.  

Oh and there was a 'whale' hunt to liquidate the HL bear whale too.  A bunch of CT guys got together and pooled together a 7 fig bankroll...  The hunt failed.  Lolol.  

But judging from the replies itt, nobody knows about it in these parts.

[tokeweed]

So in case you guys wanna know, ZachXBT exposed who the HL bear whale is...  Turned out he's a criminal who exploited online gambling sites and sent out phishing attacks.  Lol.  He got millions from it and bridged some of his loot to Hyperliquid basically to gamble on perps.  

It's hilarious because people at CT were saying it's a White House insider.  Rofl.  Turned out it's an online criminal from England with a propensity for gambling in crypto.  

[Zigabel]

I Just found one address shared on social media where it showed that a whale send short on BTC at entry price 84,018$. His liquidation price was around 85500$ but he added around 5,001,874$ in his account to increase his liquidation to 86,593$.

Is he some insiders who knows what's coming in immediate short term as he is heavy on short with 40x. Maybe he knows whats coming at FOMC meeting. No rate cuts  

https://hypurrscan.io/address/0xf3F496C9486BE5924a93D67e98298733Bb47057c

Just like we do know some of these whale's react based of solid informations and not just any information especially when they go in big this much,  it's usually a clear sign that most often than none the situation has got awesome relativity with the direction to which they are looking at because with such hige amount at stake, it becomes obvious they are acting on information which may probably not be available to the vast public easily except for theses people who's got that unlimited access to timely key and important informations.

[Odusko]

I don't think there's such a thing as insider information in bitcoin because if that was the case, wouldn't that mean that bitcoin is susceptible to market manipulation?

There is no one controlling bitcoin that is why there is no such thing as insider information however if someone was planning on buying or selling big chunks of bitcoin all at once and told this to only specific people then this can be considered as an insider information. Still, They would still not be able to completely manipulate the market the way they want it to.

The whale can just be acting on his intelligence gathering and for sure he could have been smart enough to close the position on profits and this is commendable enough for him, but I don't believe that he has insider information to have acted that way and for sure we can say that insider information doesn't work fkr Bitcoin unless on few shitcoins that are obvious pump and dump scheme in the hands of the actors that are constantly manipulating such coin market.

[JeffBrad12]

So in case you guys wanna know, ZachXBT exposed who the HL bear whale is...  Turned out he's a criminal who exploited online gambling sites and sent out phishing attacks.  Lol.  He got millions from it and bridged some of his loot to Hyperliquid basically to gamble on perps.  

It's hilarious because people at CT were saying it's a White House insider.  Rofl.  Turned out it's an online criminal from England with a propensity for gambling in crypto.  

that's such a plot twist, always wondered where the narrative about this big position being owned by insider coming from that CT keep yapping about, turned out it's a hacker's wallet.
no wonder he got the balls to open high leverage position with big size, because the money itself is being watched by many and will get frozen instantly whenever it hits cex or any centralized entity. even bridges could halt the money.