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"Shorters who made a profit of 160 million USD before the flash crash on October 11th" deposited 3003 BTC to Binance while increasing the position on Bitcoin short order.

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According to Foresight News, monitoring by @ai9684xtpa revealed that before the flash crash on 10.11, a short-selling Whale made a profit of 160 million USD by opening a short position and deposited 3003 BTC (worth approximately 338 million USD) into Binance while increasing their Bitcoin short position in the early morning. The address started to increase their position using TWAP at 00:55, performed a small test deposit of 0.01 BTC to Binance at 01:00 to the address 12Xqe, deposited 3003 BTC at 01:17, and finished increasing the position at 01:27, lasting 32 minutes. During this period, the price of BTC fell from 113,000 USD to 112,300 USD, and after the increase ended, it has now only remained at 108,500 USD, a drop of 4.8% from the recent peak. This insider Whale increased their position with 1000 BTC about 7 hours ago at a Bitcoin price of 112,300 USD to 112,600 USD, bringing the total size of BTC short orders to 2100 BTC, with a total value of 227 million USD and unrealized gains of 6.36 million USD.

BTC-2.4%
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KosmasFNvip
· 10-22 16:09
That’s a massive move — looks like they’re preparing for another potential correction. Smart money seems to be positioning carefully before the next volatility wave.
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