Bitcoin “Die-hard bear” Whale Increases Short Positions as BTC Erases 2025 Gains Amid Deepening Market Bearishness

A famous crypto derivative trader who has been attracting attention for successful shorting of Bitcoin has opened up more bearish positions. According to data disclosed by Lookonchain, the whale trader opened a 1,232 BTC short leverage perpetual contract (worth $113.27 million) on Bitcoin today. The trader’s leverage position currently sits on more than $24 million in unrealized profit, as per the data.

The Trader Capitalizes On Market Volatility

According to Lookonchain, this die-hard bear (0x5D2F) has been attracting attention from the crypto community with his short Bitcoin bets over the past six months. Currently, his total profit on Hyperliquid has exceeded $51 million, and he has earned over $9.2 million just from funding fees.

The move by the ‘die-hard bear’ whale to deepen his bearish stance on Bitcoin signals crypto traders’ bearish outlook as BTC experiences increased volatility driven by institutional outflows and macroeconomic pressures. As a result, market sentiment has significantly shifted, with most traders increasingly purchasing Bitcoin options for downside protection.

The bearish positioning is a reflection of aggressive risk mitigation in the market. This implies that professional traders are actively launching bearish positions as they increasingly view the current market fall as not a short-lived dip, but rather as the beginning of a more prolonged market consolidation and deeper structure shift in macroeconomic conditions.

Major Catalyst for BTC Fall

As of today, November 20, 2025, Bitcoin currently trades at $91,711.74, marking a 10.9% decrease over the past week and another 15.5% decrease over the past month. Over the year, Bitcoin has declined by 1.6%, according to metrics from CoinGecko. This decline aligns with ongoing macroeconomic uncertainty, including heightened shorting by large holders and sustained selling by institutional investors.

Some analysts believe that the price plunge from BTC’s ATH of 126,000 in October to its current lowest level in nearly eight months is more likely due to excessive future leverage in the asset. According to prominent crypto analyst Rational Root, the most likely cause for Bitcoin’s fall is the excessively high levels of futures leverage in the token. The latest report published yesterday by research and brokerage company K33 revealed that increased numbers of crypto traders have aggressively added short positions into a broadening consolidation that dipped Bitcoin down 15.5% over the past week to its lowest level of $89,183 noticed in April.