Bitcoin News Today: $300 Million Bitcoin Whale Move Indicates Institutions Turning to Leverage Approaches
- A Bitcoin whale with a 100% win rate in leveraged trades has boosted its BTC/ETH long positions to $296M, with $165M in BTC and $132M in ETH. - The whale alternates between long/short positions, recently adding 173.6 BTC at $110,680 and facing $1.17M in unrealized losses on BTC shorts. - Its 5x leveraged $62.4M ETH position yields $240K profit, making it Hyperliquid's second-largest ETH long with an entry price of $3,862.37. - Analysts highlight the whale's systematic approach but caution that past succe
An enigmatic
This aggressive accumulation comes after a week of calculated maneuvers. By October 24, the whale’s BTC long had already climbed above $144 million, with its ETH long at $129 million, totaling $274 million in exposure. However, by that date, the position had shifted from gains to a floating loss of $384,000,
On the short side, the whale temporarily raised its BTC short position to 666 coins ($74.43 million) on October 25, but now faces an unrealized deficit of $1.17 million, according to
The whale’s ETH long was also notably increased on October 24, when it opened a 5x leveraged position worth $62.4 million, making it the second-largest ETH long on Hyperliquid. Entering at $3,862.37, this trade currently shows an unrealized gain of $240,000, according to
While the whale’s moves reflect strong conviction in Bitcoin’s long-term prospects, market conditions remain volatile. Analysts emphasize that the whale’s tactics are based on real-time data and active liquidity management, rather than speculative predictions. As the crypto sector faces ongoing regulatory and macroeconomic challenges, the whale’s persistent activity may indicate growing institutional interest in leveraged trading strategies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump and Mamdani’s Bet on Affordability: Uniting Opposing Ideologies
- Trump and Mamdani's Nov. 21 meeting highlights clashing ideologies on affordability and governance, with New York's $1.286T economy at stake. - Both leaders share focus on cost-of-living crises but differ sharply on solutions, with Trump threatening federal funding cuts and Mamdani advocating rent freezes. - Experts see the dialogue as critical for redefining strained city-federal relations, emphasizing urban centers' role as economic engines. - Mamdani's corporate tax proposals clash with Trump's deregu
Bitcoin News Update: Navigating Crypto’s Balancing Act to Steer Clear of 2018’s Downturn as Global Economic Conditions Evolve
- Crypto markets avoid 2018-style collapse as macro-driven cycles and reduced speculation prolong volatility, per Lyn Alden. - Fed policy uncertainty and leveraged ETF launches highlight risks and innovations amid $2.2B crypto outflows and $914M liquidations. - MSTR's BTC gains and Gunden's $1.3B sell-off reflect divergent investor strategies, while Munari's Solana project targets long-term adoption. - Analysts split between 65-70% Bitcoin retracement forecasts and prolonged cycles driven by institutional
Bitcoin Updates: U.S. Suggests Using Bitcoin for Tax Payments to Dominate Worldwide Digital Economy
- U.S. Rep. Warren Davidson introduced the "Bitcoin for America Act," allowing Americans to pay federal taxes in Bitcoin and creating a Strategic Bitcoin Reserve. - The bill cites Bitcoin's fixed supply and long-term appreciation potential, aligning with corporate strategies like Michael Saylor's $48.37B BTC holdings. - It aims to counter global competition from China/Russia while balancing risks like BTC's 30% price drop from its August peak. - Proponents argue voluntary BTC tax contributions could build
XRP News Today: XRP Faces Uncertainty: Bearish Trends Clash with Optimism from ETF Prospects
- XRP faces critical juncture at $1.96 as bearish technical patterns clash with institutional optimism from new ETFs. - Descending triangle breakdown and RSI divergence signal potential 25% drop to $1.55, contradicting ChartNerd's reversal prediction. - Bitwise XRP ETF's $25.7M debut volume injects liquidity but risks accelerating forced selling from 41.5% of supply at a loss. - Analysts debate ETF-driven bullish potential vs. structural risks, with $2.20 support zone and $1.25 price floor as key battlegro
Trending news
MoreCrypto prices
More
