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A pseudonymous whale identified as Jason has transitioned from a long to a short position on Bitcoin with remarkable accuracy.
Recently, he closed a long position, securing a profit of $14.6 million, effectively marking the peak of the local high.
Currently, he holds a short position of 2,281 BTC on Binance, with an average entry price of $74,238. Bitcoin is trading around $72,467, placing the position already in profit.
The nominal value surpasses $169 million, representing a strong conviction bet on declining prices.
Whale bc1qfs acquired an additional 217.73 $BTC ($16.04M) one hour ago.
Over the past week, he has purchased a total of 2,155.62 $BTC ($154.27M). https://t.co/PPHDECfKKA pic.twitter.com/ntyvrWAArg— Lookonchain (@lookonchain) March 17, 2026
The macroeconomic environment is providing him with reasons for optimism.
Bitcoin Price Prediction: Can BTC Price Maintain $70,000 Support Amid Whale Shorting?
Jason’s 2,281 BTC short is positioned at a crucial resistance level, and the price rejection is already supporting this theory.
The timing was deliberate. The short position coincided with the US PPI reporting a month-on-month increase of 0.7%, compared to a forecast of 0.3%. Elevated inflation data diminishes hopes for rate cuts. The decline in rate cut expectations negatively impacts Bitcoin momentum. The setup was driven by macro factors and executed with precision.
If Bitcoin fails to hold the $70,000 support, it may trigger a wave of long liquidations, potentially pushing towards the $68,000 demand zone. The risk for bears lies in a breakout above $75,000, which could severely impact the position and lead to a sharp upward spike.
Source: BTCUSD / TradingView
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However, with geopolitical tensions increasing risk-off sentiment and oil supply disruptions, the most likely path appears to be sideways or downward at this moment.
The trade signature reveals everything. High conviction. Concentrated size. Entered at a technical turning point just before a macro catalyst. This is not retail speculation. Institutional investors are positioning for a more significant correction before the next upward movement.
Bitcoin Hyper Targets Early Mover Upside as BTC Stalls
As Bitcoin contends with whale distribution and macro challenges, a rotation is already taking place beneath the surface.
Bitcoin Hyper is capitalizing on that momentum. It is the first Bitcoin Layer 2 to incorporate the Solana Virtual Machine, offering sub-second finality and smart contract programmability while leveraging Bitcoin’s security. The base chain cannot provide these features.
The presale has successfully raised exactly $32,036,675.82, with the current price set at $0.0136773.
The Decentralized Canonical Bridge facilitates BTC transfers efficiently. Early stakers are receiving substantial APY rewards. Compared to the saturated valuations of established Layer 1s, the entry point presents an asymmetric opportunity.
When the main chain is struggling against whale shorts and macro resistance, the risk-reward dynamic shifts towards infrastructure protocols that are still in their accumulation phase. This is precisely where Bitcoin Hyper is positioned at present.
Visit the Official Bitcoin Hyper Website Here
The post Bitcoin Price Prediction: A Whale Just Flipped Short on Bitcoin With a $169 Million Bet — Is a Deeper Correction Coming? appeared first on Cryptonews.
