Bitcoin whale bets $368M on BTC decline, facing risk if price surpasses $85,592

From Cointelegraph

March 16, 2025 09:38 AM:

A Bitcoin whale has bet over $368 million on Bitcoin’s short-term decline with a leveraged short position of 4,442 BTC. Despite facing liquidation if Bitcoin surpasses $85,592, the investor has generated $2 million in unrealized profit but has an over $200,000 loss on funding fees. Some traders are making significant profits with leveraged trading.

To avoid downside volatility pre-FOMC meeting, Bitcoin needs a weekly close above $81,000. Analysts warn of short-term selling pressure if Bitcoin drops below $76,000. Markets predict a 98% chance of the Fed keeping interest rates steady at the upcoming FOMC meeting. Unexpected hawkish signals could impact Bitcoin and risk assets.

Read more at Cointelegraph: Bitcoin whale bets $368M with 40x leverage on BTC decline ahead of FOMC