The $11 billion Bitcoin whale made millions in profit from last week’s crypto market crash and continues betting on more downside. The $11 billion Bitcoin whale is back with another massive short position, signaling that some large investors are hedging for more crypto market downside amid the tariff concerns and ongoing government shutdown. The Bitcoin whale, which is crypto slang for a large investor, returned with a $235 million 10-times leveraged short position on Bitcoin (BTC), which is a de facto bet on the price decline of the world’s first cryptocurrency. The large investor opened the short position on Monday, when Bitcoin was trading at $111,190. He currently faces a $2.6 million unrealized loss on the short bet, which stands to be liquidated if Bitcoin’s price surpasses $112,368, according to Hypurrscan blockchain data. Read more
The Pakistan Meteorological Department (PMD) on Tuesday night said tremors of a 5.3-magnitude earthquake were felt in the twin cities and the northern areas of the country. The PMD stated that the epicentre of the quake was located in the Hindu Kush region of Afghanistan at a depth of 234 kilometers and occurred at 11:15pm local time. It added that the quake was felt in Islamabad, Rawalpindi, Peshawar, Chitral, Swat, Dir and Malakand. The United States Geological Survey (USGS) registered a 5.1 magnitude quake 34km west of the Ishkashim border town in Badakhshan province at a depth of 243.9km. A screenshot of a map showing three earthquakes registered north and west of Pakistan. — Screengrab via USGS Two Reuters witnesses said strong tremors were felt in Afghanistan’s capital of Kabul. The twin cities and other northern areas were similarly jolted by tremors on Friday when a magnitude of 5.6 struck at a depth of 120km at 5:15pm in the Hindu Kush mountains.