Crypto Whales Take Large Positions – Bullish Sign or Cautionary Signal?

Jakarta, Pintu News – The crypto market continues to show signs of recovery after the release of lower-than-expected US Consumer Price Index (CPI) data, as well as rising expectations that the Federal Reserve will cut interest rates in the near future.

Amidst this rebounding momentum, whales – large traders with significant asset holdings – began shifting positions and spot transactions worth millions of dollars in major assets such as Bitcoin (BTC), Ethereum (ETH), as well as a number of other large altcoins.

This activity reflects increasingly positive market sentiment and increased risk appetite among large investors.

Big Investors Bet on Bitcoin and Ethereum Rally

As optimism in the crypto market increased, whales started placing more aggressive bets on the potential for further gains in major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).

Read also: Is the Altcoin Season Over? Here Are the Important Signals from the Ethereum Price Chart

According to on-chain analytics platform Lookonchain, a “smart money” trader with wallet address 0xc2a3-who is known to have a 100% success rate-recently added to his holdings of long positions in ETH and BTC.

The trader currently holds 1,483 BTC worth approximately $170.46 million and 40,044 ETH worth approximately $167.35 million in long positions.

“As the market strengthens, the total profit is already close to $30 million,” Lookonchain said.

Meanwhile, another whale with the address 0xb9fe who was long ETH with 25x leverage after the flash crash on October 11, has reportedly started to arrange take-profits. Even so, he still maintains 15,689.44 ETH in open long positions, indicating continued confidence in the market recovery.

Furthermore, whale 0xC50a is known to have opened long BTC positions with 40x leverage, HYPE with 10x, and then added ETH with 25x leverage. Currently, his open positions show unrealized gains of around $2.1 million.

Data from Onchain Lens also notes that another whale holding a 5x long position in HYPE is sitting on floating profits of around $9.5 million.

“The whale also holds smaller long positions in PURR, 0G, XPL, and 2Z tokens, with total profits reaching $11.47 million,” the report reads.

Spot Crypto Market Heats Up, Whales Continue to Accumulate Large Assets

Not only in the derivatives market, spot activity in major cryptocurrencies also saw a sharp spike as whale buying resumed.

Read also: Ethereum whales accumulate again, signaling a strong revival of the ETH market

One of the highlights came from SharpLink Gaming, the second-largest Ethereum holding company corporately, which returned to accumulation after a month-long pause. The company bought 19,271 ETH worth about $78.3 million.

Meanwhile, another whale rotated his strategy from Solana (SOL) to Ethereum (ETH). According to data from Lookonchain, the trader sold 99,979 SOL worth about $18.5 million, and then allocated the funds to buy 4,532 ETH at an average price of $4,084 per ETH.

Another large transaction came from Richard Heart, who moved 30,066 ETH (worth approximately $125.09 million) to a new wallet-including 29,804 ETH routed through Tornado Cash, an Ethereum-based privacy platform.

Bitcoin whales are also starting to show significant movement. One wallet address reportedly accumulated 3,195 BTC over the weekend-equivalent to a value of about $356.6 million.

In addition, two new wallets withdrew 820 BTC (worth $94.32 million) from Binance and OKX exchanges. At the same time, Michael Saylor, Chairman of MicroStrategy, also hinted at the possibility of additional Bitcoin purchases.

On the altcoin front, one new wallet withdrew more than 280,000 Chainlinks (LINK) worth nearly $5 million from Binance. Meanwhile, an old address that had been inactive for almost a year suddenly withdrew 15.1 million Dogecoin (DOGE) worth about $2.95 million.

“The whale also sold 7,473 DOGE for $1,450 USDT from his old holdings. He currently holds around 15.19 million DOGE, valued at around $12.96 million,” OnChain Lens wrote.

The next few days will be an endurance test for the crypto market recovery. The whales are starting to come back in with large positions and high conviction, a strong signal of returning market confidence-but also increasing risk if volatility hits again.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Are Crypto Whales Betting on More Upside or Preparing for a Pullback This Week? Accessed on October 28, 2025