A pseudonymous whale called Jason built a short position of 2,281 BTC on Binance, now generating a profit in the millions, continuing a pattern of strangely timely macro trades.
Summary
- Channel sleuths claim that Jason holds a short position of 2,281 BTC on Binance at an entry price of $74,238, with an unrealized profit of around $4.2 million with BTC near $72,467.
- The trader’s history includes perfectly timed short sales during previous stock market crashes and a reported loss of $58.89 million, highlighting a high-conviction, high-risk strategy.
- Today’s bet comes as Bitcoin slides on Iran-linked Strait of Hormuz tensions and hotter-than-expected US PPI, with analysts divided on whether Jason is a signal or noise.
A pseudonymous trader known online as Jason (@Jason60704294) is once again attracting the attention of on-chain analysts after data released Wednesday by blockchain detective @ai_9684xtpa revealed that Jason currently holds a short position of 2,281.09 BTC on Binance, with a face value of approximately $169 million and an average opening entry price of 74,238 $. With Bitcoin (BTC) trading around $72,467 at the time of monitoring – approximately 2.38% below Jason’s entry point – the position generates an unrealized floating profit of approximately $4.155 million.
Trade is not an isolated event. This is the latest chapter in a documented pattern that has made Jason one of the most followed retail whale accounts in the crypto markets. According to on-chain analysis by Blockchain.news, Jason had closed a long position a few days earlier at a profit of $14.668 million before abruptly pivoting to the short side, opening an initial position of 28.48 BTC at an entry price estimated at around $74.210. Wednesday’s data confirms that the position has since been significantly increased to over 2,281 BTC – a significantly more aggressive commitment.
Jason’s story adds considerable weight to today’s business. In August 2025, the trader opened short positions in BTC at $120,948 and ETH at $4,712, positions which, if held, would have generated substantial returns as both assets declined sharply over the following months. Earlier, the trader reportedly exited his positions at a loss of $58.89 million, highlighting that the strategy carries real risk despite his headline-grabbing gains.
The timing of today’s short selling aligns with a broader deterioration in the market. Bitcoin has been under sustained pressure since late February, when US-Israeli military strikes against Iran triggered a Strait of Hormuz crisis that has since disrupted about 15% of the world’s oil supply. Wednesday’s release of February’s US PPI data – coming in at 0.7% month-on-month versus a forecast of 0.3% – deepened risk-off sentiment, further dampening expectations of Federal Reserve rate cuts that had previously supported the crypto’s bullish scenario.
It is worth noting the context of the platform. Jason’s current position is held on Binance, not Hyperliquide, making real-time on-chain tracking of the exact account more difficult, as Odaily reported. The figures cited come from analyst monitoring of wallet behavior and social media timestamps rather than direct readings from smart contracts. Nonetheless, the data is broadly consistent with Jason’s established trading footprint: concentrated, high-conviction directional bets placed at key technical inflection points.
It remains to be seen whether Wednesday’s short selling is again prescient or whether it becomes a warning in the event of a possible rebound in Bitcoin. What is clear is that a growing number of on-chain analysts are monitoring every move – and that in a market defined by opacity, Jason has become something of an unlikely signal in the noise.
