Bitcoin Whale’s $464M Short Sparks Market Speculation Amid Fed Meeting Week

A mysterious Bitcoin whale has drawn intense market attention by amassing a massive $464 million short position. Initially, the whale opened a $332 million Bitcoin short at $84,040, later increasing it to $400 million with 40x leverage and a liquidation price of $86,384. The position further expanded to 5,608 BTC short—worth $464 million—at a liquidation price of $85,842, alongside a $40 million ETH short at 25x leverage.

In a surprising twist, the whale briefly closed part of the short position, buying back 500 BTC overnight, only to resume shorting to keep Bitcoin’s price below $83,700. Traders are speculating whether this move is based on market insight or an aggressive high-risk strategy.

Bitcoin’s price, currently struggling below $83,000, faces resistance at the 200-day simple moving average (SMA) of $84,100 after peaking at $85,000 on Sunday. The crypto market remains on edge as all eyes turn to the Federal Reserve’s policy meeting on Wednesday, where officials are expected to hold interest rates steady.

With Bitcoin hovering at critical levels, traders are closely watching for potential market shifts driven by this whale’s strategy and macroeconomic events.