A crypto whale has $ 368 million against Bitcoin, already garnering 2 million profits despite a huge risk before the Fed's crucial decisions this week.
A bet at $ 368 million against Bitcoin: risky strategy or genius?
On March 15, 2025, a large crypto investor, commonly called “whale” in the jargon of the sector, opened a short position of exceptional magnitude on bitcoin, contributing to a significant fall in its value. This transaction, initiated at 84,043 dollars with a 40x lever effect, represents more than 4,442 BTC for total value exceeding $ 368 million.
In precise terms, the lever effect of 40x means that the investor has only really engaged in 9.2 million dollars in equity, taking the rest to amplify its position. This technique multiplies potential gains, but also exposes to catastrophic losses in the event of reversal of the market.
The critical threshold for this position is 85,592 dollars – if the price of bitcoin exceeds this limit, the position would be automatically liquidated, resulting in considerable losses.
According to Morurrscan, this operation has already generated more than $ 2 million in unpaid profits. However, maintaining this position cost more than $ 200,000 in funding costs to its holder.
These types of strategy are not uncommon in the crypto ecosystem. In early March, a trader had also made a spectacular gain of $ 68 million thanks to a short position on Ether with an even larger lever of 50x.
A decisive week for the Crypto market
This bet occurs at a strategic moment, just before the meeting of the Federal Open Market Committee (FOMC) scheduled for March 19. This week promises to be crucial with several major macroeconomic publications which could strongly influence the appetite of investors for risky assets such as Bitcoin.
According to Ryan Lee, chief analyst at Bitget Research, Bitcoin will have to maintain a weekly fence above $ 81,000 to avoid lower volatility before the FOMC meeting. He has declared at Cointelegraph:
The key level to be monitored for the weekly fence is the range of $ 81,000. Maintaining above this level would signal resilience, but if we see a fall below $ 76,000, this could cause more short-term sales pressure.
The markets currently anticipate a probability of 98 % that the American federal reserve maintains its unchanged interest rates, according to the latest estimates of the Fedwatch tool of the CME Group.
Nevertheless, the comments of the president of the Fed on economic prospects and the future trajectory of rates could trigger significant price movements on the Crypto market.
The current volatility of Bitcoin is also amplified by increasing macroeconomic uncertainty concerning international tariffs, an additional factor that investors are closely monitoring.
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