Two significant Bitcoin holders, known as whales, have initiated short positions totaling over $100 million. The first whale, identified by the address 0x069a, has taken a 40x leveraged short position on 900 BTC, valued at approximately $53.69 million. Meanwhile, the second whale, with the address 0x3e7a, has opened a 20x leveraged short on 800.75 BTC, worth around $47.76 million. These substantial bets against Bitcoin suggest a bearish outlook from these large investors.