Bitcoin and altcoins began the week with an upward trend, coinciding with anticipation for a critical US Federal Reserve (FED) decision and an upcoming meeting between the US and Chinese presidents. This market recovery has fueled expectations of further gains, with major cryptocurrency holders, known as whales, actively increasing their long positions.
Whale Activity and Position Details
According to a report from crypto analytics platform Lookonchain, two significant whales have initiated long positions amounting to millions of dollars across Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and various altcoins. This activity suggests a growing confidence in the short-term bullish prospects of the market.
One whale, identified by the address 0xc2a3, which has a reported 100% win rate on its trades, initially established a long position in Bitcoin and Ethereum. The whale further increased its Ethereum long position recently.
The current holdings of this whale are detailed as follows:
1,483 BTC (valued at $170.46 million)
40,044 ETH (valued at $167.35 million)
A second prominent whale, with the address 0x71a0, has opened long positions in several altcoins, including ETH, SOL, PUMP, and FARTCOIN. This whale has also set specific limit orders to secure profits on these positions.
The target profit levels for this whale are:
ETH: $4,300 - $4,700
SOL: $210 - $250
PUMP: $0.007 - $0.009
FARTCOIN: $0.6 - $1