Crypto Whale Raises BTC Long to $173M, Total Bets at $250M

On October 19, an on-chain crypto whale boosted its leveraged long positions in Bitcoin and Ethereum from $220M to $250M, raising its 15× BTC long to 1,610.93 BTC (≈$173M) at an average entry price of $108,043 and keeping its 3× ETH long steady at 19,894.21 ETH (≈$77.4M) at $4,037. This accumulation narrowed its unrealized loss from $4.42M to $3.12M. The crypto whale’s renewed BTC accumulation signals bullish sentiment, potentially offering short-term price support and reinforcing longer-term upside momentum.
Bullish
By increasing its BTC and ETH leveraged long positions and narrowing its unrealized loss, the crypto whale demonstrates strong confidence in a near-term rebound. In the short term, this large BTC long can absorb selling pressure and provide price floor support. Over the longer term, sustained accumulation at current levels suggests potential for a bullish trend as sentiment improves and technical momentum builds.