Are Crypto Whales Betting on More Upside or Preparing for a Pullback This Week?
Crypto whales are showing increased risk-taking and positive sentiment through significant position shifts and spot purchases of BTC and ETH.Summary
Following cooler US CPI data and expectations of a Federal Reserve rate cut, the crypto market is rebounding, prompting significant position shifts from whale traders.
Smart money traders are increasing their long positions in Bitcoin and Ethereum; one trader with a 100% win rate added substantial BTC and ETH holdings, realizing nearly $30 million in profit. Other whales are maintaining large ETH long positions despite setting some take-profit orders, indicating sustained confidence in the rally. Furthermore, derivatives traders are opening large long positions in BTC and HYPE, with some realizing multi-million dollar profits.
In spot markets, accumulation is evident: SharpLink Gaming resumed buying Ethereum, and one whale strategically rotated funds from Solana (SOL) into ETH. Bitcoin whales also accumulated significantly over the weekend, with new wallets pulling substantial BTC off exchanges like Binance and OKX. These large-scale movements suggest renewed confidence among major holders, though they also heighten the stakes should volatility return.
(Source：BeInCrypto)