Bitcoin Whale Down $13M on Short Despite Holding Position

A Bitcoin whale identified as 'pension-usdt.eth' is currently down approximately $13 million on a short position despite market headwinds pushing against the bearish bet. The trader is short 1,000 BTC worth roughly $81 million using 3x cross leverage, according to data from HypurrScan.IO. Bitcoin has rebounded approximately 40% from its February lows, yet the whale continues to maintain the position. The short position faces full liquidation at $80,810. Market data shows that Kalshi bettors currently assign a 50% probability to Bitcoin reaching $100,000 by the end of 2026. If BTC reaches $100,000, the trader's position would face liquidation, putting nearly $81 million in collateral at risk. A growing cluster of bearish indicators suggests a potential Bitcoin pullback toward $71,000, which could ease some of the whale's current losses. The situation highlights the inherent risks of leveraged trading in volatile cryptocurrency markets. Positions of this magnitude and leverage create significant liquidation pressure points that can trigger cascading sell-offs. The whale's decision to maintain the short despite substantial losses indicates conviction in a bearish outlook, though market momentum remains bullish. Current BTC price stands at $80,542, up 0.74% on the day. This is not financial advice.