Bitcoin and altcoins have started to rise this week as we await a major Fed decision and the outcome of the U.S.-China presidential talks.
While this recovery has raised expectations for a market rally, whale long positions have also increased.
According to a post by crypto analysis platform Lookonchain, two major whales have opened long positions worth millions of dollars in Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and altcoins.
Therefore, the whale at address 0xc2a3 with a 100% win rate first opened a long position in Bitcoin and Ethereum with a 100% win rate. Finally, Whale added a long position in ETH today.
According to the data, the whale’s current location is:
“1,483 BTC (worth $170.46 million) 40,044 ETH (worth $167.35 million)”
Next, the giant whale at address 0x71a0 has long positions in altcoins named ETH, SOL, PUMP, and FARTCOIN.
It was also stated that the whale’s purpose was to make a profit and placed limit orders in order to make a profit.
“ETH limit: $4,300-$4,700 SOL limit: $210-$250 PUMP limit: $0.007-$0.009 FARTCOIN limit: $0.6-$1”
*This is not investment advice.
