A prominent cryptocurrency investor, known in the digital asset community by the alias "First set 10 big goals," is reportedly preparing a significant bearish bet against Bitcoin (BTC). According to data provided by on-chain analyst Ai Yi on June 16, 2026, the high-net-worth individual has placed substantial sell orders on the books, signaling a potential expectation of a price correction in the leading cryptocurrency.
Details of the Multi-Million Dollar Short Order
Transaction screenshots and exchange data reveal that the investor, identified by the handle @Jason60704294, has initially positioned a short order for 160.372 BTC at an entry price of $84,550. This specific trade carries a notional value of approximately $13.57 million. Shorting involves selling an asset with the intention of buying it back at a lower price to profit from a market decline.
Market observers have noted additional activity that suggests the total scale of this position could be much larger:
- A secondary sell order for 605.73 BTC was detected at the exact same price point.
- The combined volume of these orders reaches 766.102 BTC.
- If both orders belong to the same entity, the total position size would equate to $64.77 million.
Market Implications and Execution Status
While the intent to short is evident, reports indicate that these orders have not yet been executed as the market price has not fully met the whale's entry criteria. The community remains divided on whether this move represents a simple hedge or a directional bet on a broader market downturn. Large "whale" orders often serve as psychological resistance levels for other traders and can influence short-term price action on centralized exchanges.
"The screenshot shows he placed a short order of 160.372 BTC at an entry price of $84,550... The community speculates that a sell order for 605.73 BTC at the same price point also belongs to this giant whale", noted the analysis from Ai Yi.
The potential for a $51.31 million to $64.77 million short position highlights the significant liquidity currently circulating within the Bitcoin ecosystem. As the market approaches these specific price targets, traders will be closely monitoring the order books to see if the whale maintains these positions or cancels them in response to shifting momentum. Investors are advised to observe the BTC/USDT pair for signs of volatility if these large-scale sell orders are triggered.
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For educational purposes only. Nothing here constitutes financial or investment advice. Crypto markets are highly volatile — always DYOR before making any decisions.
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