Whale Trading Address Expands Bitcoin Short Position to $197.2 Million

Large crypto trading addresses are escalating bearish positioning against Bitcoin. Early on Oct. 20, a major trading address expanded its Bitcoin short position by $3.52 million between 3:12 and 3:34 a.m. ET, taking its total short exposure to nearly $197.2 million from $194.2 million, alongside more than $135 million in cumulative contract gains. This followed aggressive short accumulation on Oct. 19 by another prominent address, which boosted its short exposure from $680,000 to roughly $2.11 million after securing a 100% win rate across 12 consecutive tracked trading rounds.