Bitcoin Whale Reduces BTC Holdings and Increases $243M Short Position
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Reduction Signal: A well-known Bitcoin whale has reduced its BTC holdings to 1,899, indicating a bearish outlook that could lead to decreased overall market confidence.
- Short Strategy: The whale has ramped up short positions in Bitcoin, Ethereum, and Solana, with a total short exposure now valued at $243 million, reflecting a strong pessimistic stance on the future of the crypto market.
- Market Reaction: The whale sold 255 BTC on Friday at an average price of $85,378, totaling approximately $21.77 million, which has intensified concerns about a potential decline in cryptocurrency prices.
- Expert Opinion: Veteran trader Peter Brandt warns of a possible Bitcoin price correction, suggesting that the current price cycle is still unfolding and may take several years before the next bull market emerges.
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.








