According to Lookonchain on X, a major whale initiated new $BTC short positions through two wallets after Bitcoin's price rally, entering at $94,893 and $94,830.5. The combined short exposure totals $30.7 million, indicating significant bearish sentiment at these price levels. This move suggests traders should monitor for increased resistance near $95,000 and be alert for potential price pullbacks if further whale selling emerges (source: Lookonchain, x.com/lookonchain/status/1915785144335798326).