A prominent Bitcoin trader known as the “$BTC OG Whale” has significantly increased their short position ahead of a market downturn, now realizing a profit of $393 million. This trader initially shorted Bitcoin before a notable crash, capitalizing on the market’s decline. The position has expanded to 20 times its original size, showcasing the trader’s confidence in the downward trend. This strategy reflects a calculated approach to cryptocurrency trading, particularly in volatile markets. The actions of this whale highlight the potential for substantial gains through short-selling in the cryptocurrency sector.
