Veteran trader Peter Brandt appears to echo the whale’s bearish outlook, claiming the price of Bitcoin will slide.
In the latest crypto news, a well-known Bitcoin whale made a bold move, reducing their BTC holdings while ramping up short positions in Bitcoin, Ethereum, and Solana. The positions now stand at 1,899 BTC, 18,527.5298 ETH, and 151,209.08 SOL.
This latest move by the whale is a bearish signal that cannot be ignored with even veteran crypto traders like Peter Brandt recently pointing out Bitcoin and other cryptocurrencies could be preparing for a drop in prices.
Earlier today, crypto analytics platform Onchain Lens reported the latest crypto news details on a Bitcoin whale’s aggressive market bet that’s shorting top altcoins. The firm explained that the wallet identified as 0x94d3 sharply reduced its Bitcoin holdings.
The investor shifted heavily into short positions on Bitcoin, Ethereum, and Solana. On Friday, the whale sold 255 BTC for approximately $21.77 million at an average price of $85,378, signaling a clear bet on declining prices across the crypto market.
Analysts say the move reinforced bearish bets on the three assets and signaled waning confidence in the crypto prices’ recent rebound following the crash.
Crypto news data shows the investor now controls about $243 million in short exposure. The exposure includes 1,899 Bitcoin valued at $168 million, 18,527.5298 Ether worth $56 million, and 151,209.08 Solana valued at $19 million.
Meanwhile, both retail and institutional players have been accumulating these assets despite ongoing bearish pressure.
The Bitcoin whale’s heavy bearish stance could quickly unravel if prices start to move higher. Bitcoin is trading around $88,175, which is close to the investor’s average short entry.
Any sustained upside momentum from this level could trigger significant losses for the crypto. Some analysts, including Peter Brandt, have already warned of a possible Bitcoin price correction.
Meanwhile, Ethereum is trading near $2,954, slightly below the whale’s average short entry of $3,012. This leaves the position in unrealized profit for now.
However, analysts note that a continued rise, especially a move above the $3.02 level, could turn those gains into losses.
Meanwhile, Solana is trading just below the trader’s average short entry, placing the position on a knife’s edge. The crypto whale opened the short at $125.6, while SOL is now hovering around $124.4.
As a result, the position is finely balanced, where even a modest price move could quickly tip it into profit or loss.
At the same time, recent crypto news show that veteran trader Peter Brandt appears to echo the whale’s bearish outlook.
He has stirred fresh debate in the crypto market with a cautious view on Bitcoin, arguing that the current price cycle is still unfolding and may face pressure for several more years.
Brandt bases his view on Bitcoin’s four-year cycle. Under this model, he believes the next major bull market is unlikely to begin until around September 2029, signaling that a prolonged period of patience may lie ahead.
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