A Bitcoin whale has opened a massive long position worth $491 million on Ethereum, sparking market speculation.
Currently, the total long positions for ETH, BTC, and SOL have surpassed $614 million, with 5,152 BTC having been transferred to a new wallet.
ETH price remains stable, while SOL is up 6% and BTC is up 2%.
A Bitcoin whale named BitcoinOG 1011short has opened an astonishing short position. The $491 million long position on Ethereum, according to Lookonchain, immediately sparked speculation in the cryptocurrency circle, with traders questioning whether this 'whale' is acting on insider expectations or preparing for an impending major market shift. Ethereum (ETH) has remained basically flat over the past day, and this operation is particularly noteworthy during Ethereum's calm period.
Whales have expanded their holdings to Bitcoin and SOL, with total long positions now exceeding $614 million.
Aggressive leveraged operations have not stopped at Ethereum. This trader also opened long positions for other currency pairs. Bitcoin and Solana have made this whale's total long positions exceed $614 million. In another on-chain operation, this whale transferred 5,152 bitcoins (approximately $477 million) to a new wallet—such a massive transfer of funds has heightened curiosity about the timing and intentions behind these positions. Some analysts now believe that this behavior is a coordinated multi-chain bullish strategy rather than a single asset bet.
Market reaction: Ethereum flat, Solana surging, Bitcoin rising
Despite the huge stakes, Ethereum has seen almost no fluctuation in price over the past 24 hours, remaining relatively stable. However, according to CoinGecko data, the price of Solana has risen nearly 6%, while Bitcoin has increased by about 2%.
This may indicate that the Ethereum market is waiting for confirmation signals, and it could also mean that strength needs to be accumulated before a surge in volatility. Regardless, the firm holding levels of the whales have become one of the most watched catalysts in the next trading cycle.#加密市场反弹 $ETH
