- Whales’ Bitcoin accumulation caused upward pressure on prices in March.
- Whale’s short position faces a $1 million loss despite other profits.
Bitcoin whales have been highly active over the past week, quickly purchasing more than 60,000 BTC. This massive accumulation has had a clear impact on the price of Bitcoin, which rose from $85,000 to $98,000 between March 10 and March 13, 2025. While many whales have benefitted from this price increase, one notable whale has faced a $1 million loss on a 40x leveraged Bitcoin short position. Despite this setback, the whale’s portfolio remains profitable, mainly due to other successful trades on Hyperliquid.
Whale Bitcoin Accumulation Pushes Price Up
Ali Martinez, a crypto analyst, tweeted that whales have collectively bought over 60,000 BTC this week. This buying is reflected in the total whale Bitcoin holdings, which went from 3.34 million BTC to 3.43 million BTC between March 10th and March 13th, 2025. Whale holdings increased as Bitcoin’s price went up from $85,000 to $98,000 in the same period.
The 30-day change in whale holdings also spiked, meaning these whales were aggressively adding to their positions. As these big players bought more Bitcoin, the price went up. The decrease in supply on the open market probably drove this price increase, as demand from these whales exceeded the available supply. The correlation between whale holdings and the rising Bitcoin price shows how whale activity affects the market.
Whale Loses $1M On Bitcoin Short, Despite Profit On Hyperliquid.
While some whales make money buying Bitcoin, others lose their positions. One whale shorted Bitcoin (BTC) with a 40x leverage position worth $332 million (3,940.8 BTC) at an entry price of $84,040.8. But as Bitcoin’s price went up, this short position went into the red. The whale’s liquidation price is $85,300, and the position has a $1 million unrealized loss and $123,922.22 in funding.
Despite this loss, the whale’s overall strategy has been profitable. According to lookonchain’s recent analysis, the whale made $16.39 million over the past month across eight profitable actions on Hyperliquid, including a recent $1.18 million profit from long positions on ETH and HYPE. These successful trades highlight the whale’s ability to profit in volatile markets, offsetting losses in the short position.
While Bitcoin whales continue to influence market movements, their strategies can vary. Some are seeing significant gains, while others, like this whale, face the risks of using high leverage. Despite setbacks, the whale’s diversified trading strategy remains profitable, proving the importance of risk management in the crypto market.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
