The 1011 Insider Whale has resumed shorting Bitcoin, employing a leverage of 10 times with an average entry price of $109,133.1. This strategy reflects a significant position in the market, indicating a bearish outlook on Bitcoin’s price trajectory. By utilizing high leverage, the whale is aiming to maximize potential profits from anticipated declines in Bitcoin’s value. The average entry price suggests a calculated approach to the short position, aligning with market trends and sentiment. Investors and analysts will be closely monitoring the impact of this move on Bitcoin’s market performance.
