「1011 Insider Whale」 Increases Short Position and Deposits 3003 BTC to Binance, Worth $338 Million

BlockBeats News, October 22nd, according to on-chain analyst Ai Auntie (@ai_9684xtpa), on the eve of the 10.11 Flash Crash, the "Insider Whale" who profited $160 million from opening a short position added to their short position in the early morning while depositing 3003 BTC to Binance, worth $338 million.

00:55 Their shorting address started to add to the position using a TWAP strategy;

01:00 Their address 12Xqe made a small 0.01 BTC deposit test to Binance;

01:17 Deposited 3003 BTC;

01:27 Short position addition ended, lasting 32 minutes.

According to HTX market data, during this period, BTC dropped from $113,000 to $112,300, currently priced at $108,500, a 4.8% retracement from the recent high.

Previously reported, this morning the "1011 Insider Whale" increased their Bitcoin short position by 10 times to 2,000 BTC, worth around $226 million, with an entry price of $111,190.3, currently with an unrealized profit of $6.15 million.