Crypto Whale Raises $231M BTC/ETH Longs Despite $4.4M Loss
On October 18, on-chain analyst @ai_9684xtpa identified a crypto whale that boosted its leveraged long positions in Bitcoin (BTC) and Ethereum (ETH). The trader added 24.66 BTC to its existing 15× BTC long—now totaling about 1,459.8 BTC valued near $150 million with an average entry price around $108,180. The same whale holds a 3× ETH long of 19,894.21 ETH (approximately $76.44 million) at an average entry of $4,037.43. Combined exposure now stands at roughly $231 million, with the unrealized loss narrowing to about $4.4 million after recent market rebounds. This accumulation signals the crypto whale’s sustained bullish stance on Bitcoin’s short-term upside and may reinforce support around current price levels.
Bullish
The whale’s significant addition to its BTC and ETH leveraged long positions and the narrowing unrealized loss highlight strong bullish conviction. Historically, large leveraged long accumulations by whales have tended to stabilize prices and attract follow-on buying. The $231 million exposure demonstrates that despite drawdowns, major traders expect a near-term rebound, which could trigger further upside momentum. In the short term, this may bolster support levels, reducing volatility. Long-term, sustained whale confidence can signal continued accumulation, underpinning potential uptrends.