$11B Bitcoin Whale Cashes Out $330M ETH, Opens $748M Long BTC, ETH, SOL
A major Bitcoin whale sold $330M in ETH and opened leveraged long positions totaling $748M in BTC, ETH, and SOL, anticipating a market recovery.Summary
An $11 billion Bitcoin whale, who previously predicted a market crash, is signaling a potential recovery by shifting funds and taking leveraged positions. The whale recently sold $330 million worth of Ether (ETH) and subsequently opened long positions totaling $748 million in Bitcoin (BTC), Ether, and Solana (SOL). The largest position is a $598 million long bet on ETH, currently facing potential liquidation if the price drops significantly. Despite approximately $49 million in unrealized losses, the whale continues to hold these leveraged positions, suggesting a belief in a short-term rally. Other whales are also increasing their ETH acquisitions, while 'smart money' traders remain net short on ETH, BTC, and SOL, indicating a mixed sentiment in the market.
(Source：Cointelegraph)