cryptonews 2026-03-20 20:22:17

Bitcoin Price Prediction: A Whale Just Flipped Short on Bitcoin With a $169 Million Bet — Is a Deeper Correction Coming?

A pseudonymous whale known as Jason just flipped from long to short on Bitcoin price with surgical precision. Days ago he closed a long position for $14.6 million in profit, effectively top-ticking the local high. Now he is sitting on a 2,281 BTC short on Binance with an average entry of $74,238. Bitcoin is trading near $72,467. The position is already in profit. The nominal value exceeds $169 million. This is a high-conviction directional bet on lower prices. Whale bc1qfs bought another 217.73 $BTC ($16.04M) 1 hour ago. In the past week, he has bought a total of 2,155.62 $BTC ($154.27M). https://t.co/PPHDECfKKA pic.twitter.com/ntyvrWAArg — Lookonchain (@lookonchain) March 17, 2026 And the macro backdrop is giving him reasons to be confident. Bitcoin Price Prediction: Can BTC Price Hold $70,000 Support Amid Whale Shorting? Jason’s 2,281 BTC short is sitting right at a key resistance block and the price rejection is already validating the thesis. The timing was not random. The short landed as US PPI came in at 0.7% month-on-month against a 0.3% forecast. Hot inflation data kills rate cut hopes. Rate cut hopes dying kills Bitcoin momentum. The setup was macro-driven and precisely executed. If Bitcoin loses $70,000 support, it could trigger a cascade of long liquidations pushing toward the $68,000 demand zone. The risk for bears is a break above $75,000 which would squeeze the position hard and fuel a violent upside wick. Source: BTCUSD / TradingView But with geopolitical tensions adding risk-off pressure and oil disrupting global supply, the path of least resistance looks sideways to lower right now. The trade fingerprint tells you everything. High conviction. Concentrated size. Entered at a technical inflection point right before a macro catalyst. This is not retail speculation. Smart money is positioning for a deeper correction before the next leg up. Bitcoin Hyper Targets Early Mover Upside as BTC Stalls While Bitcoin battles whale distribution and macro headwinds, rotation is already happening underneath the surface. Bitcoin Hyper is catching that flow. The first Bitcoin Layer 2 to integrate the Solana Virtual Machine. Sub-second finality and smart contract programmability on top of Bitcoin security. The base chain cannot offer either of those things. The presale has raised exactly $32,036,675.82. Current price is $0.0136773. The Decentralized Canonical Bridge handles BTC transfers cleanly. Early stakers are earning high APY rewards. And compared to the saturated valuations of established L1s, the entry point is asymmetric. When the main chain is stuck grinding against whale shorts and macro resistance, the risk-reward shifts toward infrastructure protocols still in their accumulation phase. That is exactly where Bitcoin Hyper sits right now. Visit the Official Bitcoin Hyper Website Here The post Bitcoin Price Prediction: A Whale Just Flipped Short on Bitcoin With a $169 Million Bet — Is a Deeper Correction Coming? appeared first on Cryptonews .

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