Bitcoin Whale: A 3500 BTC short sees the price of BTC drop again

Important points

• Bitcoin falls by about $114,000 after a BTC bull expects even more price drops.

• Prices are under pressure from short-term owners whose cost basis is just below $114,000

• Support bases are key moving averages.

BitcoinBTC() was unable to maintain its recovery at the Wall Street opening on Monday as a controversial whale increased their BTC downside bet.

Bitcoin Whale doubles down when BTC prices drop

The Data of Cointelegraph Markets Pro You can also find out more about the following: TradingView BTC/USD fell from its daily high of $116,000.

They quickly closed an upsidedown. “gap” CME Group’s Bitcoin-futures market then dropped below the daily opening.

$BTC CME Gap now closed✅ https://t.co/Cd6fq3Na1A pic.twitter.com/OWy2aa1bb6

— Daan Crypto Trades (@DaanCrypto) October 13, 2025

The markets were not moved by the words of the US government regarding a possible US-China move to avoid a significant tariff increase.

Treasury Secretary Scott Bessent has announced “working level” Talks with China are scheduled for later this week.

“We believe this is a tactical escalation (by Beijing) to shape pre-summit bargaining, not a strategic decoupling,” Morgan Stanley analyst wrote a note in the morning, cited as a source by Reuters.

While traders were waiting for clues, the attention was focused on an unidentified Bitcoin whale that had taken advantage of the opportunity. Friday’s $20 billion liquidation event By shorting the market just before China’s news.

The entity increased its short position on Monday. At the time this article was written, it was valued at 3,500 BTC, with an approximate liquidation value of $120,000.

“As I said yesterday, he maybe wants to lose money or get liquidated so people won’t think he had insider information,” Ted Pillows is a crypto expert and entrepreneur. reacted Posting on X.

Commentator Max Keiser suggested Claiming that there was foul play involved “banks are lending (ie printing) billions to fund naked Bitcoin-shorts.”

“It won’t work,” He also added.

Bitcoin traders flip between profits and losses

BTC’s price movement thus circled the key support line represented by aggregate cost-basis of short-termholders (STHs).

Related: $120K or end of bull market? 5 things to know in Bitcoin this week

You can also read about the advantages of using Cointelegraph reportedSTH wallets are tied to hodling entities for up to 6 months and act as a safety network during market declines.

The data from the onchain Analytics platform Glassnode As of Sunday, the STH’s cost base is $113.861.

Onchain analytics platform CryptoQuant highlighted the following three trend lines to keep an eye on: 30-day, 180-day, and 200-day moving averages.

The “QuicktakeArab Chain, a contributor to the blog ” Blog posts for today” wrote:

“This structure suggests that the long-term structural uptrend remains intact (as the price is still above the 200-DMA), but short- to medium-term tactical momentum has weakened, with the price now below the 30- and 90-DMA, which have converged into a dynamic resistance zone.”

The article is not intended to provide investment advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making a final decision.