Time to buckle up? Oddly accurate whale opens BTC short with 40x leverage

Whales have been betting on Bitcoin price, some gaining and some losing in the process but one of the most accurate has shown up again.

According to data shared by onchain analytics platform Onchain Lens on 23 October, the whale who has so far made $3.6 million shorting Bitcoin has opened another short.

This time, he opened the short with a 40x leverage on $3 million having made a total of $8.6 million.

A whale deposited $3M $USDC into #HyperLiquid and opened a $BTC short position with 40x leverage.

Previously, the whale shorted $BTC twice and made $3.6M. Overall, the whale has made $8.6M.

Point to Note: President Trump will make an announcement from the White House at 3:00 PM… pic.twitter.com/zNkBYcP4R0

— Onchain Lens (@OnchainLens) October 23, 2025

It’s time to buckle up

The whale in question has accurately bet on Bitcoin in the past, causing the crypto community to speculate that he must be an “insider” that knows something other traders don’t know.

This makes it worth being concerned about, since such a short indicates that the whale knows something that could cause Bitcoin to crash.

If he turns out to be right, Bitcoin may be at risk of experiencing a major price drop even though technical indicators may be suggesting otherwise.

On the contrary, another whale that reportedly has 100% win rate has also opened a $87.4 million long position on Bitcoin.

🐳 A whale with a 100% win rate has opened $87.4 million BTC long position.

He definitely knows something. pic.twitter.com/PB4WBPlMef

— Ash Crypto (@Ashcryptoreal) October 23, 2025

This complicates the issue and leaves the crypto community confused about which of them is right.

In this game of titans however, every crypto investor would prefer that the bull wins, since his win means Bitcoin pumping and possibly carrying the whole market along.

Bitcoin still indifferent

Whales have been opening shorts and longs on Bitcoin lately, but the most striking was one who opened a short less than an hour before the phenomenal crypto crash of last week.

The most recent ones haven’t affected Bitcoin yet as the price remains relatively stable between $109,000 and $110,000.

If any of the two whales ends up being right, there will be a significant change in the price of Bitcoin either to the upside or downside.

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