Are Crypto Whales Betting on More Upside or Preparing for a Pullback This Week?

The crypto market has continued its recovery following cooler US CPI data and growing expectations of a Federal Reserve rate cut this week.

Amid the rebound, whale traders have been committing millions in position shifts and spot trades across Bitcoin (BTC), Ethereum (ETH), and several major altcoins. These actions highlight a more positive sentiment and increased risk-taking among crypto whales.

Smart Money Bets on Bitcoin and Ethereum Rally

As optimism continues to build across the crypto market, whales are betting on further upside for major digital assets. On-chain analytics platform Lookonchain reported that a smart money trader, identified as wallet 0xc2a3, with a 100% win rate, has added more Ethereum and Bitcoin to his long positions.

The trader’s long positions include 1,483 BTC, valued at $170.46 million, and 40,044 ETH, valued at $167.35 million

Another crypto whale, wallet 0xb9fe, who took a 25x leveraged long position in ETH after the October 11 flash crash, has reportedly started setting take-profit orders. Despite this, the trader continues to hold 15,689.44 ETH in open long positions, indicating sustained confidence in the ongoing market recovery.

Furthermore, crypto whale 0xC50a has opened a 40x long position in BTC and a 10x long position in HYPE, later adding a 25x long position in ETH. His current positions show an unrealized profit of around $2.1 million.

Meanwhile, on-chain data from Onchain Lens revealed that another whale holding a 5x long position in HYPE is sitting on a floating profit of approximately $9.5 million.

BTC1.79%
ETH3.78%
HYPE0.17%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)