Bitcoin Price Analysis: BTC Slips Below $109,000 As Whale Opens Another Short Position

Bitcoin (BTC) traded in the red for the third consecutive day, falling to a low of $108,500 as sentiment turned bearish after a brief rise to $112,000. The flagship cryptocurrency is down 0.55% during the ongoing session, trading around $110,189. Meanwhile, the Bitcoin whale dubbed “Trump’s insider” opened another $120 million short position, sparking fears of another impending market ￰0￱ Gaming CEO Stunned By Bitcoin, Ether ETFs Sharplink Gaming CEO Joseph Chalom has said the success of BlackRock’s Bitcoin and Ethereum ETFs has left him stunned. Chalom, formerly BlackRock’s digital asset strategy chief, stated, “What’s exceeded expectations is that most of that capital is buy and ￰1￱ are not ￰2￱ are not short-term traders.” According to Chalom, the success of its crypto ETFs was a “mission accomplished” moment for BlackRock, adding, “These are people who believe in the thesis that you should have some Bitcoin and some ETH in a diversified investment ￰3￱ means that some of the largest pension funds, sovereign wealth funds, and wealth managers believe that this should be an allocation in people’s portfolios.” Dormant Bitcoin Whale Transfers 2,000 BTC A long-dormant Bitcoin whale has resurfaced to transfer 2,000 BTC , worth $222 million at current prices, into new wallets in what appears to be a carefully coordinated ￰4￱ data from Arkham Intelligence revealed that the coins were distributed across 51 new addresses. 50 wallet addresses received 37.576 BTC , while one wallet received 121.18 ￰5￱ transfers are the first significant movement of the funds in years, and originate from an address tied to Bitcoin’s early ￰6￱ structure distribution of the BTC indicates a deliberate, coordinated move rather than a spontaneous ￰7￱ believe the whale is reorganizing or securing their holdings.

However, the timing of the transfers has raised concerns as BTC struggles to regain momentum after Friday’s crash. Long-dormant whales from the flagship cryptocurrency’s early days generally awaken for profit-taking. BTC’s value has risen sharply since its early days, and such movements could mean the whale is preparing to offload a part of their holdings. “Trump’s Insider” Whale Opens $120M Short Position A trader dubbed “Trump’s insider” in the Bitcoin community has opened a new $120 million short position at $111,386 ahead of an expected announcement by President Trump on ￰8￱ new short position has sparked concerns about another market ￰9￱ forums and social media lit up with warnings about the whale, who maintains a 100% win rate, and the new short ￰10￱ are worried the new position could trigger another market crash similar to ￰11￱ trader attracted attention by opening over $1.1 billion in short positions against BTC and ETH minutes before Trump announced 100% tariffs on Chinese ￰12￱ position allowed the trader to pocket between $160 million $200 million in profits as Bitcoin ￰13￱ analytics firm Lookonchain identified the wallet as one belonging to a Bitcoin OG who held $86,000 BTC since ￰14￱ (BTC) Price Analysis Bitcoin (BTC) is witnessing a jump in selling pressure, with the price down nearly 2% during the ongoing ￰15￱ flagship cryptocurrency briefly crossed $112,000 but lost momentum after reaching $112,021, falling to a low of $108,500, despite starting the day in positive ￰16￱ had maintained its position above $110,000 thanks to spot demand.

However, an uptick in selling pressure has seen buyers overwhelmed, despite rapid accumulation from short-term ￰17￱ Bitcoin whales have started making moves as ￰18￱ to on-chain data, around 7,343 BTC has been moved on-chain, indicating some long-term holders may be preparing to take profits or repositioning their ￰19￱ analyst Maartunn highlighted that Binance’s net-taker volume indicated selling pressure, while the short-term holder Spent Output Profit Ratio (STH-SOPR), an indicator that measures if recent spenders are selling at a profit or a loss, remains at ￰20￱ suggests that STHs are still taking ￰21￱ is this dynamic that has prevented BTC’s recovery from gaining ￰22￱ from CryptoQuant shows traders are steadily accumulating, but faced with persistent ￰23￱ 30-day Netflow SMA showed outflows of 5,620 BTC, indicating long-term investor confidence and shrinking exchange supply.

However, the opposite is happening on the derivatives front, where 364,000 BTC was mobilized within the internal wallets of derivatives exchanges between Thursday and Wednesday, indicating they are preparing for significant leveraged ￰24￱ traded in bullish territory last week, and began the previous week with a 1.41% increase to $122,318. The price registered a marginal rise on Saturday before reaching an intraday high of $125,750 on ￰25￱ ultimately ended the weekend at $123,520, up 0.87%. Buyers retained control on Monday as the price rose 0.97% and settled at $124,720, but not before reaching an intraday high of $126.296. BTC lost momentum on Tuesday, falling almost 3% to $121,393.

The price recovered on Wednesday, rising nearly 2% and settling at $123,343. Selling pressure returned on Thursday as BTC fell 1.32% to a low of $119,713 before settling at $121,714.