#数字资产市场动态 Recently came across an interesting data point — a whale previously sold 255 BTC, and this time, during a price correction, suddenly opened a 10x short position of 409 BTC, with a position value soaring over $36 million, and an average entry price of $87,000.

Many people get nervous when they see this move, thinking it's a setup to crash the market. But my years of experience analyzing on-chain data tell me, it's not that simple:

**First**, for a whale to dare open a 10x short at this price level indicates clear short-term bearish signals, and the market is under short-term pressure.

**Second**, a position of 409 BTC, honestly, isn't particularly large relative to the overall market size; it's more of a signaling move, not necessarily capable of single-handedly reversing the trend.

**Third**, the biggest risk with such on-chain big moves is if they are coordinated with news hype to stir up speculation, which could cause retail investors to panic sell — often, this is the panic sell before a short-term bottom.

I won't be led by a single signal, but the data shows that the whale's bearish stance is real, and the possibility of short-term market pressure is indeed not low. That said, steep corrections in a bull market usually carry less risk, and there are plenty of opportunities. Don't be scared into liquidating your positions, and don't foolishly follow the herd into dead shorts.

Next, I will continue to analyze on-chain chip movements and exchange data flows. As soon as I detect signs of major players accumulating, I will update my analysis immediately. The market is never afraid of volatility — only of being unprepared. Stay tuned for my follow-up reports. $BTC