Whale Opens 4x Bitcoin Short Ahead of CPI Data, Following Prior Ethereum Trade

On September 11, TradingBeats, formerly Hyperinsight, reported that the upcoming CPI data could have a significant impact on the market and trigger sharp volatility. According to BlockBeats On-chain Detection, several whales had already positioned themselves in advance. A smart-money trader who previously profited by more than $10 million from a 4x long on Ethereum before the August 19 rally has now opened a 4x short on Bitcoin. The trader currently holds 640 BTC, with the position valued at $49.33 million.