Bitcoin whale closes $516M short position, profits $9.4M in 8 days

From Cointelegraph

March 18, 2025 05:48:38 AM:

A Bitcoin whale closes over $500 million in short positions ahead of FOMC meeting, making nearly $10 million profit from a 40x leverage short position on Bitcoin. Leveraged positions amplified gains and losses. Whale turned profit despite liquidation risk. Whale then acquired over 3,200 Ether with profits. Market awaits FOMC cues on Fed’s monetary policy.

Inflation concerns ease with lower-than-expected 2.8% US CPI increase, positive sign for FOMC meeting. xWIN Research CEO notes easing inflation could impact Fed’s decisions. Bitcoin’s short-term price action hinges on $81,000 support level. CME Group’s FedWatch tool shows 99% chance Fed will keep interest rates steady. Unexpected hawkish signals could pressure Bitcoin and risk assets.

Markets anticipate Fed will hold rates steady during FOMC meeting, but unexpected hawkish signals could impact Bitcoin and risk assets. Bitcoin’s short-term trajectory depends on $81,000 support level. Lower-than-expected 2.8% US CPI increase eases inflation concerns, influencing Fed’s decisions. Bitcoin whale closes over $500 million in short positions, making nearly $10 million profit.

Read more at Cointelegraph: Whale closes $516M 40x Bitcoin short, pockets $9.4M profit in 8 days