Giant Whales on the Move! A Whale That Previously Sold Bitcoin to Open Short Positions Has Now Opened Long Positions in BTC and Three Altcoins!

BitcoinSistemi2026/01/09 12:03

By:BitcoinSistemi

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Bitcoin and altcoins had a good start to 2026, but then experienced a pullback. While BTC and most altcoins struggled to break through key resistance levels, whales continued to make significant transactions.

According to Lookonchain’s report, a whale who opened long positions in Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP is currently $9.4 million in profit.

Lookonchain said this whale is known in the market as a “whale who sold 255 BTC to open a short position.”

Accordingly, the giant whale’s long positions are as follows:

    @media only screen and (min-width: 0px) and (min-height: 0px) { div[id^="wrapper-sevio-d098b0a7-6bf7-478a-a0ee-0619d281a09c"] { width:320px; height: 100px; } } @media only screen and (min-width: 728px) and (min-height: 0px) { div[id^="wrapper-sevio-d098b0a7-6bf7-478a-a0ee-0619d281a09c"] { width: 728px; height: 90px; } } 
  
 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "d098b0a7-6bf7-478a-a0ee-0619d281a09c"; sevioads_preferences[0].adType = "banner"; sevioads_preferences[0].inventoryId = "709eacfd-152a-4aaf-80d4-86f42d7da427"; sevioads_preferences[0].accountId = "c4bfc39b-8b6a-4256-abe5-d1a851156d5c"; sevioads.push(sevioads_preferences);

“1,210 BTC (worth $109.5 million)
32,474 ETH (worth $100.6 million)
503,778 SOL (worth $69.9 million)
14.26 million XRP (worth $29.9 million)”

Total profits have exceeded $9.4 million so far.

Whales seem to be moving towards long positions these days. Accordingly, one whale has opened a long position in Ethereum.

According to Lookonchain data, the trader “pension-usdt.eth” closed a short position of 20,100 ETH ($62.34 million) with a profit of $395,000.

    @media only screen and (min-width: 0px) and (min-height: 0px) { div[id^="wrapper-sevio-d098b0a7-6bf7-478a-a0ee-0619d281a09c"] { width:320px; height: 100px; } } @media only screen and (min-width: 728px) and (min-height: 0px) { div[id^="wrapper-sevio-d098b0a7-6bf7-478a-a0ee-0619d281a09c"] { width: 728px; height: 90px; } } 
  
 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "d098b0a7-6bf7-478a-a0ee-0619d281a09c"; sevioads_preferences[0].adType = "banner"; sevioads_preferences[0].inventoryId = "709eacfd-152a-4aaf-80d4-86f42d7da427"; sevioads_preferences[0].accountId = "c4bfc39b-8b6a-4256-abe5-d1a851156d5c"; sevioads.push(sevioads_preferences);

The whale then went long, opening a 3X long position with the same 20,000 ETH ($62 million). Its total profit so far has exceeded $22.38 million.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Giant Whales on the Move! A Whale That Previously Sold Bitcoin to Open Short Positions Has Now Opened Long Positions in BTC and Three Altcoins!

You may also like

Crypto prices