A handful of whales are betting millions on further crypto market losses, with one trader, “BitcoinOG,” making $142 million from Friday’s crash. Traders are divided over the market’s next move. Whales include three Hyperliquid investors holding short positions worth over $130 million. The BitcoinOG address, linked to Garret Jin, has opened short positions worth $66 million. Analysts have tied the address to a wallet holding 29,321 BTC worth over $3.2 billion. Other whales have unrealized short positions totaling over $94 million. Traders are split on the market’s future, with fluctuations in long and short positions.

Read more at Yahoo Finance: Whales Short the Market as Bulls and Bears Battle for Control