$11B Bitcoin whale sells $330M ETH, opens massive $748M long on top cryptos

The $11 billion Bitcoin whale is betting hundreds of millions of dollars on the price increase of Bitcoin, Ether, and Solana, while smart money traders remain net short on leading tokens.

The $11 billion Bitcoin whale who correctly predicted the $19 billion October market crash is once again betting on the price appreciation of the top cryptocurrencies, signaling a potential market recovery.

After cashing out $330 million in Ether (ETH), the whale opened three leveraged long positions worth a cumulative $748 million, betting on the price increase of Bitcoin (BTC), Ether, and Solana (SOL).

The largest is an ETH long position worth $598 million, opened at $3,147, which faces liquidation if Ether’s price falls below $2,143, according to blockchain data platform Lookonchain’s Tuesday X post.

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