What Are Crypto Whales Positioning For Amid the Rebound?
Crypto whales showed mixed activity during the recent market rebound, with some selling assets while others accumulated or profited from leveraged trades.Summary
Following a multi-month low, the crypto market rebounded, prompting significant activity from crypto whales across spot and derivatives markets involving BTC, ETH, LINK, and ZEC.
In spot markets, some whales realized losses, such as an Ethereum trader selling 6,028 ETH at a loss, and early Bitcoin investor Owen Gunden sending 1,100 BTC to Kraken, likely preparing to sell. Conversely, there was fresh accumulation of Chainlink (LINK), with two new wallets withdrawing significant amounts from Binance.
Derivatives markets saw extreme volatility; whales shorting Bitcoin faced massive liquidations, with one trader losing about $6.44 million after repeated stop losses. However, whales betting on the upside, like the Anti-CZ Whale switching to long ETH positions for significant unrealized profit, and another investor increasing an ETH long, capitalized on the rally. Zcash (ZEC) also attracted attention, with one whale securing a $1.25 million profit on a long position while another placed a new limit long order.
(Source：BeInCrypto)