According to @52kskew, Bitcoin (BTC) has experienced significant downward pressure due to aggressive open shorting in a thin order book, compounded by time-weighted average price (TWAP) spot selling that is protecting the downward move. This trading environment signals heightened volatility and potential for further price swings, making risk management critical for traders in the current BTC market (source: @52kskew).

According to @lookonchain, the smart trader 0xCB92 executed a profitable short position in ETH (Ethereum) on June 11, capitalizing on market FOMO as ETH dropped sharply from $2,880 to $2,120. Recently, 0xCB92 repeated this strategy by shorting ETH when it surged past $3,940, resulting in a subsequent price decline. These moves highlight the importance of monitoring large traders' activity and crowd behavior around key resistance levels, as similar setups could signal potential short-term corrections for ETH traders. Source: @lookonchain

According to @ai_9684xtpa, a prominent smart money address, which previously generated significant profits from 14.81 million USDe with $2.82 million in capital, is now facing a $12.48 million unrealized loss. The source indicates these losses stem from short-selling a basket of altcoins. This situation serves as a stark warning for traders, demonstrating that even a previously successful strategy like shorting can lead to substantial losses when met with a sharp market rally, quickly erasing prior gains. The trader reportedly employed a strategy of taking larger short positions on high-market-cap assets and smaller positions on lower-cap ones, which proved ineffective against the recent broad-based uptrend.

According to @ai_9684xtpa, a trader known as AguilaTrades has established significant short positions on both Bitcoin (BTC) and Ethereum (ETH) with a total value of $294 million. The trader is holding a 15x leveraged short position on 50,000 ETH, valued at $176 million, with an entry price of $3,586.79, which is currently showing an unrealized profit of $2.674 million. Concurrently, a 20x leveraged short position is open on 1,000 BTC, valued at $118 million, with an entry price of $117,807.3, showing an unrealized loss of $173,000. These large, leveraged positions signal a strong bearish outlook from a major market participant, which could impact short-term price action for both BTC and ETH.

According to @EmberCN, a prominent swing trader with a documented 81% win rate on Ethereum (ETH) and Bitcoin (BTC) trades has taken a significant bearish position on ETH. On-chain analysis reveals this trader began shorting ETH on July 12 at a price of $2,969. Subsequently, on July 14, the trader sold all their spot ETH holdings at $3,051, effectively creating a naked short position. Reinforcing their conviction, the trader recently transferred an additional 5 million USDT to the shorting address to supplement their margin, signaling a strong belief in a potential price decline for Ethereum.

According to @ai_9684xtpa, a logical basis for shorting Ethereum (ETH) exists due to multiple factors. The price range between $3400 and $3600 is identified as a significant historical resistance zone where many investors were previously trapped, creating potential for sell-offs as the price revisits this level (source: @ai_9684xtpa). There is a possibility that crypto whales who purchased ETH in this range may now sell their holdings to break even, which would exert downward pressure on the market (source: @ai_9684xtpa). Furthermore, with a 45% gain on the monthly chart, the probability of a technical correction has increased (source: @ai_9684xtpa).

According to @lookonchain, trader James Wynn has successfully recovered from a previous liquidation, generating a profit of $473,900 in the last 24 hours. This turnaround was achieved by strategically shifting from a long position to a short position on both Bitcoin (BTC) and HYPE. The on-chain data highlights a significant profit from this bearish pivot.

According to @lookonchain, a prominent crypto whale identified by the wallet address 0x2258 has opened a significant short position on Ethereum (ETH) with 18x leverage. The position size is reported to be 20,474 ETH, valued at approximately $62.5 million. On-chain data reveals this particular whale has a successful trading history, having previously earned over $15 million in profits, notably by trading against another market participant, James Wynn.

According to @ai_9684xtpa, a prominent whale trader who previously incurred a significant loss of $9.574 million from shorting Bitcoin (BTC) between July 11 and July 14, has now begun to take profits. In the last 30 minutes, this trader closed a short position of 319.68 BTC, realizing a profit of $205,000. The trader still maintains an open position valued at $67.29 million, which currently has an unrealized profit of $367,000. This activity could signal a strategic shift or a belief that a short-term bottom may be forming.

According to @lookonchain, the selling activity from a Bitcoin OG wallet holding 80,009 BTC, valued at $9.46 billion, prompted a significant reaction from another market whale. On-chain data shows that whale '0x960B' immediately closed their long position on Bitcoin (BTC) and initiated a new short position. This strategic move, following the OG's sell-off, has already resulted in an unrealized profit of $228,000 for the whale, as highlighted by @lookonchain. This sequence of events suggests that large traders are closely monitoring the movements of early Bitcoin holders for market signals.

According to Nic Carter, actor Ben McKenzie took a significant bearish stance against Bitcoin (BTC) that ultimately concluded with his departure from Twitter. Carter states that McKenzie, after pivoting from his acting career, authored a book critical of Bitcoin, actively posted negative tweets, and notably entered a short position on Bitcoin, a trading strategy that bets on a price decline. The sequence of events culminating in him leaving the social media platform suggests a negative outcome for his anti-crypto trading activities.

According to @lookonchain, a crypto whale identified by the address 0x7da4 has incurred an unrealized loss of over $800,000 after shorting the PUMP token on the decentralized exchange Hyperliquid. The trader initiated the position by depositing 8 million USDC and applying 2x leverage. On-chain data from hypurrscan.io indicates the whale's position is now at risk, with a liquidation price set at $0.008513.

According to @lookonchain, a mysterious whale has deposited 20.5 million USDC into the decentralized perpetuals exchange Hyperliquid. This significant capital injection was reportedly followed by the creation of numerous wallets to establish short positions against a wide range of cryptocurrencies, including major assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), as well as meme coins like Dogecoin (DOGE). The on-chain data, visible on Hypurrscan, suggests a coordinated bearish strategy that could introduce significant selling pressure on these tokens. Traders should monitor the price action of BTC, ETH, SOL, and DOGE for potential volatility stemming from these large-scale shorting activities.

According to @lookonchain, multiple cryptocurrency whales are demonstrating a bearish outlook on Ethereum (ETH) by establishing significant short positions. One whale with the address 0x8c58 recently deposited 3.74 million USDC to short 18,394 ETH, a position valued at $54.3 million, using 15x leverage, as reported by the source. In a similar move, another whale, 0x2258, deposited 3.25 million USDC approximately 16 hours prior to short 16,219 ETH, worth $48 million, employing a high 25x leverage, according to @lookonchain. These substantial, highly leveraged bets against the price of ETH suggest that some major market players are anticipating a downward price movement.

According to @lookonchain, a highly-leveraged trader on the Hyperliquid platform known as Qwatio has incurred losses of nearly $3.7 million this past week due to aggressive short positions on Bitcoin (BTC) and Ether (ETH). On-chain data reveals the trader was liquidated five times over the weekend by opening short positions when BTC and ETH were at sessional lows, a strategic shift from their previous bullish long positions. This high-risk trading activity occurs amidst a broader market trend where, according to CoinGlass data, $50 million in ETH and $31 million in BTC short positions were liquidated across all exchanges in the last 24 hours.

According to @MilkRoadDaily, analysis from 10x Research, led by Markus Thielen, suggests that Coinbase (COIN) stock is nearing an overvaluation threshold, prompting a recommendation for a pair trade involving shorting COIN and going long on Bitcoin (BTC). Thielen highlights a significant disconnect where COIN shares have surged 84% in two months, while BTC has only risen 14%, and overall crypto trading volumes remain stagnant. The research firm's model indicates that this premium is stretched and vulnerable to mean reversion. This analysis comes as Coinbase announces its acquisition of LiquiFi, a token management platform, a move intended to simplify on-chain development for crypto start-ups. 10x Research suggests the rally in COIN has already priced in factors like Circle's IPO and recent buying momentum, increasing the risk of a local top and making the short COIN/long BTC strategy a potentially winning trade.

According to @QCompounding, analysis from 10x Research, headed by Markus Thielen, indicates that Coinbase (COIN) shares are rapidly approaching an overvaluation threshold, suggesting a prime opportunity for a pair trade. Thielen recommends a strategy of shorting COIN stock while simultaneously taking a long position in Bitcoin (BTC). The rationale is based on a significant disconnect between Coinbase's fundamentals and its recent stock performance; COIN has surged 84% in the last two months, whereas BTC has only risen 14%. According to 10x Research's linear regression model, 75% of COIN's price is explained by Bitcoin's price and trading volumes. However, the stock's rally appears overextended relative to current crypto trading volumes of around $108 billion. Thielen notes that as COIN approaches the +30% overvaluation mark, it becomes vulnerable to mean reversion, making a short position attractive against the more fundamentally sound Bitcoin.

According to @QCompounding, analysis from 10x Research, led by Markus Thielen, suggests that Coinbase (COIN) shares are rapidly approaching an overvaluation threshold, creating an opportunity for a tactical reversal. The research firm recommends a pair trade involving a short position in COIN and a long position in Bitcoin (BTC). This recommendation is based on a fundamental disconnect, as COIN's 84% surge over the past two months has significantly outpaced both Bitcoin's 14% rise and underlying crypto trading volumes. 10x Research's linear regression model, which explains 75% of COIN's price action through BTC's price and trading volumes, indicates the stock's current valuation is extended and vulnerable to mean reversion. Thielen also noted that traders could use options by selling a COIN call and buying a BTC call to execute the same strategy with defined risk.

According to @Andre_Dragosch, the excitement over Jim Chanos’ debate regarding his short position on MicroStrategy (MSTR) is overblown, as contrarian trades are a normal part of market dynamics and do not automatically signal a shift in MSTR’s business model or Bitcoin (BTC) outlook. For traders, this highlights that individual high-profile trades, even from notable short sellers like Chanos, should not be seen as direct indicators for BTC price action or the core fundamentals driving MicroStrategy’s extensive Bitcoin holdings (source: @Andre_Dragosch, June 19, 2025).

According to Ai 姨 (@ai_9684xtpa), the sequential sell-off of KOGE followed by ZKJ was primarily driven by the presence of derivatives contracts for ZKJ, enabling traders to short on exchanges while simultaneously selling on-chain. Additionally, ZKJ offers higher liquidity compared to KOGE, making downward price pressure on ZKJ require more capital commitment. The report also clarifies that while the sell-off started at 8:30, the price action on both tokens experienced a delay in their candlestick charts, likely due to on-chain transaction processing and exchange order book latency. Active traders should monitor liquidity pools and contract positions for both tokens to anticipate further volatility. (Source: @ai_9684xtpa, June 15, 2025)