BTC Short For $600M, ETH For $300M

A large cryptocurrency investor who surfaced two months ago with about $11 billion worth of Bitcoin has opened almost $900 million in short positions against Bitcoin and Ether, signaling expectations of a market correction despite widespread optimism for October.

The whale returned to trading on Thursday with a $360 million Bitcoin (BTC) transfer that piqued the interest of cryptocurrency investors, Cointelegraph reported.

On Friday, the whale opened a $600 million 8x leveraged short position on Bitcoin and a leveraged short worth over $300 million on…