Trader Scores Multi-Million Profit on 2,281 BTC Short
A pseudonymous whale trader known as 'Jason' has successfully established a 2,281 BTC short position on the Binance exchange, securing a multi-million dollar profit as of March 18, 2026. This trade extends a documented pattern of well-timed bearish macro bets from the trader, signaling strong conviction in a potential price decline. The move acts as a significant bearish indicator, as a sophisticated market participant is actively betting against Bitcoin's price stability.
Whale Accumulation Hits 6-Year High Near $70K
Contradicting Jason's bearish stance, broader on-chain metrics suggest powerful entities are buying. The Bitcoin Exchange Whale Ratio, which tracks large holder deposits to exchanges, recently hit a six-year high while retail activity dropped to cycle lows. According to analysis from CryptoQuant, this divergence historically marks a market bottom and often precedes a new uptrend. Further supporting this bullish case, Santiment data shows wallets holding between 10 and 10,000 BTC increased their holdings to control 68.17% of the total supply, indicating a clear accumulation trend around the $71,000 price level.
Bears Send $3.2B to Exchanges as Volatility Looms
Despite signs of accumulation, other large holders are positioning for a downturn. On March 17, whales transferred 44,459 BTC, worth approximately $3.2 billion, to centralized exchanges. Such large-scale inflows increase the immediately available supply for selling and have historically coincided with periods of heightened price volatility. This move occurred just ahead of a scheduled Federal Reserve policy meeting, suggesting some of the market's largest players are preparing for a sell-off, creating a deeply conflicted market landscape.
