BitcoinOG Whale’s $140M Bet: A Tale of Greed and Grief

Behold, a Bitcoin whale, with a mind as sharp as a dagger, once again cast his nets into the turbulent waters of the market. This time, with a calculated precision that left many in awe, he placed his bets against BTC, a move that echoed the whispers of the October 10-11 crash. πŸŸπŸ“‰

As of October 22, the whale’s holdings in short positions had dwindled to a mere $140 million, a significant drop from the previous $227 million. It was as if the whale, in a moment of self-doubt, had decided to trim his sails, leaving behind a trail of speculation and intrigue. πŸ’ΈπŸ“‰

Since October 11, this enigmatic figure has deposited a staggering 5,352 BTC, a sum worth approximately $600 million, across various exchanges. It’s as if he were a modern-day alchemist, transforming digital gold into something more… volatile. πŸ§™β€β™‚οΈπŸ’°

β€˜This #BitcoinOG(1011short) deposited 100 $BTC($10.81M) to #Kraken again an hour ago!’ one analyst exclaimed, as if witnessing a miracle. β€˜And he also reduced his $BTC short position on #Hyperliquid to 1,300 $BTC($140.8M).’ The numbers danced before their eyes, a waltz of wealth and uncertainty. πŸ’ΈπŸ“‰

– Lookonchain (@lookonchain) October 22, 2025

Bitcoin Whales on the October 10-11 Crash and Insider Trading

Meanwhile, another titan of the market, dubbed the ‘Trump Insider Whale,’ found himself in the same dance, his timing as precise as a clock’s ticking. With over $1 billion in shorts against both Bitcoin and Ethereum, he was a shadow in the market’s vast expanse, his motives as opaque as the night. πŸŸπŸ•΅οΈβ€β™‚οΈ

And so, the cycle continues. Those with a keen eye for opportunity begin to mimic the steps of these titans, hoping to catch a glimpse of the same fortune. Yet, in their pursuit, they risk becoming the very puppets of the market’s whims. πŸ•΅οΈβ€β™€οΈπŸŽ­

Bitcoin, now trading at a modest $108,079, bore the weight of the market’s expectations. With a 2.16% decline over the past week, it seemed to whisper of a short-term bearish outlook, a soft sigh in the face of ambition. πŸ“‰πŸ“‰

Bitcoin (BTC) seven-day chart as of October 22, 2025 | Source: CoinMarketCap πŸ“ˆπŸ“‰

Yet, amidst the gloom, a voice of hope emerged. Changpeng Zhao, the founder of Binance, stood as a beacon, declaring that Bitcoin’s future was bright, destined to surpass even the venerable gold in market capitalization. A prediction as bold as it was uncertain. πŸŒŸπŸ’°

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2025-10-23 01:59