The $11 billion Bitcoin whale has taken a $235 million leveraged short position on Bitcoin, anticipating more market downside amid tariff concerns and the government shutdown. The investor faces a $2.6 million unrealized loss if Bitcoin surpasses $112,368. This move comes after a $200 million profit from a similar short position last week.

The whale, who previously made $200 million from shorting the Bitcoin crash, has now moved $30 million to Hyperliquid for another short position. Additionally, $540 million worth of Bitcoin was transferred to new wallets, including $220 million to Coinbase exchange. The whale also rotated $5 billion from BTC to Ether in the past.

New Bitcoin whales are facing over $6.95 billion in unrealized losses after the recent market crash. Despite sentiment decline, analysts view the correction as healthy, flushing out excess leverage. Short-term holder supply has increased, with more speculative capital entering the market, according to Glassnode.

Read more at Cointelegraph: $11B Bitcoin Whale Shorts Bitcoin for $235M, Nets $200M In Market Crash