Bitcoin Whale Doubles Short Investments in BTC, ETH, and SOL Worth $243 Million!

Jakarta, Pintu News – A Bitcoin (BTC) whale just made a big and risky move, increasing its short positions on Bitcoin, Ethereum (ETH), and Solana (SOL). The large investor sold 255 BTC, bringing their total short position to around 1,899 BTC, 18,527.53 ETH, and 151,209.08 SOL.

This big move is indicative of bearish sentiment in the crypto market, signaling that the whale expects a possible price drop in the near future.

However, given that crypto markets are notoriously volatile and unpredictable, the large bet put the investor’s estimated $243 million at risk.

Bitcoin Whale’s $243 Million Bet: Is the Crypto Market About to Take a Downturn?

In a post on the X platform today, Onchain Lens, an on-chain analytics provider, shared insights into a Bitcoin whale’s big bet against BTC, ETH, and SOL short positions.

Read also: Solana Price Prediction: SOL Faces Neutral – Bearish Pressure across Key Indicators

Based on on-chain data, the crypto wallet with address 0x94d3 is known to have significantly reduced its BTC holdings and replaced them with large short positions on all three crypto assets.

On Friday, the whale sold 255 BTC worth approximately 21.77 million US dollars at an average price of 85,378 dollars per BTC. With this move, the investor increased bets against a decline in BTC, ETH, and SOL prices – showing low confidence in the crypto market’s recovery rally after the previous plunge.

The shared data shows that currently, the whale holds a total position worth US$243 million, which consists of:

• 1,899 BTC worth approximately 168 million US dollars
• 18,527.53 ETH worth approximately 56 million US dollars
• 151,209.08 SOL worth about 19 million US dollars

Interestingly, this move comes amid increased investment in Bitcoin and Ethereum, despite the market being in a bearish trend. As reported by the CoinGape page, both retail and institutional investors are still showing strong interest in the two main crypto assets, even though the prices of both have not shown a significant recovery.

Is the $243 Million Bitcoin Whale Risky?

The strong bearish conviction of the Bitcoin whale could be at great risk if the prices of all three cryptocurrencies move up from the predicted levels. Currently, the price of BTC is hovering around $87,175, close to the average price of the short positions entered by the whale. If the upward momentum continues, potentially huge losses could occur for these investors.

Read also: Ethereum Holds Steady at $2,900 as Analysts Set Sights on $7,000 Target

Some analysts, including Peter Brandt, have even projected a possible BTC price correction, but the unpredictability of the crypto market remains a significant risk.

Meanwhile, Ethereum (ETH) is currently trading at around $2,954, with the average price of short positions at $3,012. This means that the whale’s ETH position is still in unrealized profit. However, if the ETH price breaks the $3,020 level, the position could turn into a loss.

Interestingly, the price of Solana (SOL) is now very close to the entry point of the whale’s short position. While the position was opened at $125.6, the SOL price is now hovering around $124.4. This suggests that the SOL position is still in a vulnerable area, where the next direction – profit or loss – is still uncertain.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Bitcoin Whale Doubles Down on BTC, ETH, SOL Short Positions, $243M at Stake. Accessed on December 24, 2025