An $11 billion Bitcoin whale is betting hundreds of millions of dollars on price increases of Bitcoin, Ether and Solana, while “smart money” traders remain net short on leading tokens.
The $11 billion Bitcoin whale who correctly predicted the $19 billion October market crash is betting on the price appreciation of the top cryptocurrencies, signaling a potential market recovery.
After cashing out $330 million in Ether (ETH), the whale opened three leveraged long positions worth a cumulative $748 million, betting on price increases of Bitcoin (BTC), Ether and Solana (SOL).
The largest is an ETH long position worth $598 million, opened at $3,147, which faces liquidation if Ether’s price falls below $2,143, according to blockchain data platform Lookonchain’s Tuesday X post.
