Massive $516 Million Bitcoin Short Position Backfires: Whale Loses $9.4 Million – Bitcoin Price Prediction Suggesting Recovery?

A Bitcoin whale recently placed a massive $516 million short position with 40x leverage. This raises concerns about the market’s volatility.  This wager resulted in a $9.4 million loss showing the risks of high-leverage trading.  As BTC’s price fluctuates, traders are keeping a close eye on whether this shift indicates a market trend.  With whales impacting BTC market trends, what’s next for it?

Bitcoin Whale’s $516M Short Shakes Market

A BTC whale executed a 40x leveraged short position worth $516 million. Betting and hoping for a price drop. However, the market moved against them. Resulting in a $9.4 million loss in just eight days. Despite the loss, such large positions can still influence market sentiment, leading to increased volatility. BTC’s price action remains key, with liquidation data showing that highly leveraged trades continue to impact short-term movements. The whale’s failed short also suggests that the broader market remains bullish, as its resilience defied the downward trend.

Bitcoin Price Prediction of March 18

BTC has shown significant fluctuation over the past 24 hours. The trading day began on March 17 with a golden cross, fueling strong buying pressure. Overbought RSI conditions at 1:00 UTC and 3:55 UTC pushed Bitcoin toward a resistance level at $83,869, leading to a temporary pullback. A bearish signal emerged at 6:25 UTC as selling pressure increased, causing the price to fluctuate within a defined trading range.

Chart 1, Analyzed by ShwetaCW, published on TradingView, March 18, 2025

A golden cross at 14:30 UTC triggered another upward trend, breaking resistance at $83,869, followed by an overbought at 18:45 UTC that led Bitcoin to a new high at $84,756.51. However, a death cross on the MACD at 19:10 UTC signaled the beginning of a downward trend, with Bitcoin entering March 18 under bearish momentum. Oversold RSI readings at 1:50 UTC and 6:40 UTC confirmed support at $82,242.50, where a golden cross at 7:00 UTC hinted at potential recovery. According to the Bitcoin price prediction, a continued bullish push could break $84,756.51, while sustained selling pressure may test support at $82,242.50, determining Bitcoin’s next major move.

What’s Next for BTC?

A Bitcoin whale made headlines after executing a $516M short position with 40x leverage. That resulted in a $9.4M loss within eight days. This aggressive move highlights BTC market trends, where high-leverage trading fuels volatility. The liquidation contributed to buying pressure, preventing a deeper decline. According to the Bitcoin price prediction, the price remains at a critical juncture. If bullish pressure continues, the price could break resistance at $84,756.51. However, if selling pressure persists, BTC may retest $82,242.50 support. Traders should watch key technical signals as BTC navigates uncertain market conditions.