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

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:

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“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.

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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.

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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!

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