Crypto Whales Are Making Moves — Which Coins Are They Choosing as the Market Crashes?

Jakarta, Pintu News – Crypto markets erased gains made over the weekend in early Asian trading hours on Monday (Nov 3), dropping to $3.59 trillion despite easing global trade tensions.

Amidst this, “crypto whales” moved hundreds of millions of dollars in Bitcoin (BTC), Ethereum (ETH), and other altcoins – demonstrating a mixed strategy of accumulation and profit-taking by large holders.

Portfolio Reshuffling by Crypto Whale through Big Deals

Two of the largest crypto assets saw significant activity from whales, based on on-chain data. EmberCN analysts reported that a whale withdrew 20,021 ETH worth approximately $78.15 million from Binance.

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The same culprits had previously used $700 million USDC as collateral to borrow $262 million worth of ETH, most likely for short selling.

On the other hand, a whale holding a long position against ETH on Aave sold 2,500 ETH worth $9.67 million to reduce leverage. The trader had previously bought 2,989 ETH at an average price of $4,197, resulting in a loss of about $820,000 from the sale. Currently, they still have 13,504.56 ETH as collateral.

Meanwhile, whales also moved large amounts of Bitcoin to crypto exchanges, marking an increase in high-value transactions. One whale deposited 351 BTC into Binance and made a profit of around $27.97 million.

Onchain Lens revealed that the whale previously withdrew 361 BTC worth $11.63 million around 3-4 years ago, then re-deposited it for $39.6 million. In addition, a Bitcoin OG whale sent 500 BTC worth $55.28 million to Kraken.

“In total, the OG has deposited 7,003 BTC worth $781.81 million into CEX in the past 3 weeks,” OnChain Lens explained.

Other Altcoin Purchases

Not only BTC and ETH, but other altcoins are also attracting whale attention. Binance founder Changpeng Zhao revealed a personal purchase of $2 million in Aster (ASTER) tokens on November 2. Separately, a whale withdrew 5.8 million ASTER worth $5.58 million from Binance.

“Over the past 6 days, the whale has withdrawn a total of 6.8 million ASTER worth $6.66 million from Binance,” OnChain Lens added.

Additionally, Lookonchain noted that three wallets bought 2.26 million GHOST tokens over the weekend. A Solana whale (SOL) that had been inactive for 10 months bought 1.12 million GHOST tokens, showing strong interest in the asset.

What Do the Whales Count on in the Derivatives Market?

In the derivatives market, big players were seen making position adjustments reflecting mixed sentiments. A crypto whale with a 100% winning track record increased his exposure to long positions.

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“Smart trader 0xc2a3, who has a 100% win rate, continues to add long positions on BTC, ETH, and SOL! Current positions: 39,000 ETH ($151 million), 1,070 BTC ($118 million), and 569,050 SOL ($105 million). He has also placed a limit order to add 40,000 SOL ($7.36 million) long at $184,” Lookonchain said.

Additionally, trader 0x8d0E moved 10 million USDC to the Hyperliquid platform and opened a 20x leveraged long position on 140,366 SOL, worth approximately $26.14 million.

On the other hand, market participants took a more defensive stance towards the ASTER token. After CZ’s announcement of his personal purchase of the token, traders 0xbadb and 0x9eec increased their short positions on the asset.

“Both whales that shorted ASTER are now making profits – 0x9eec9 is up $5.9 million, while 0xbadb is up $1.4 million,” Lookonchain wrote.

This diverse strategy suggests that the whales are preparing for the market volatility ahead, with a combination of aggressive long positions on major assets and selective short bets on smaller-cap tokens.

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Crypto Whales BTC, ETH, ASTER, SOL Hype Ghost. Accessed on November 4, 2025