Crypto Whale Don Raise BTC Long Reach $173M, Total Bets Dey $250M
On October 19, one on-chain crypto whale increase e im leverage long positions for Bitcoin and Ethereum from $220M go $250M, e raise im 15× BTC long to 1,610.93 BTC (≈$173M) with average entry price of $108,043 and e keep im 3× ETH long steady at 19,894.21 ETH (≈$77.4M) at $4,037. Dis accumulation reduce im unrealized loss from $4.42M to $3.12M. Dis crypto whale’s fresh BTC accumulation show say e get bullish mind, fit give short-term price support and support long-term upward momentum.
Bullish
By dey increase im BTC and ETH leveraged long positions and dey narrow im unrealized loss, di crypto whale dey show strong confidence for near-term rebound. For short term, dis big BTC long fit absorb selling pressure and provide price floor support. For long term, sustained accumulation for current levels suggest say e get potential for bullish trend as sentiment dey improve and technical momentum dey build.