Bitcoin News: BTC Whale Bets Heavy on Bitcoin, Ethereum, & SOL

Key Insights

• As per Bitcoin news, BTC whale “1011short” intensifies long positions in BTC, ETH, and SOL, sparking market interest.
• The whale moves 5,152 BTC worth $477 million to a new address, showing confidence.
• BTC USD, SOL, and ETH, has recorded a strong recovery today amid a broader crypto market rally.

The crypto market bounced back with strong momentum today, and one early Bitcoin investor has stepped back into the spotlight.

A Bitcoin OG known in trading circles as “1011short” has intensified his aggressive long positions across Bitcoin, Ethereum, and Solana, sparking fresh interest in the broader Bitcoin news cycle.

His massive bets come as volatility rises and traders attempt to decode his bold strategy.

Bitcoin News: BTC Whale Moves Millions as Market Recovers

As per the latest Bitcoin news, the trader, widely referred to as a “Bitcoin OG,” triggered excitement after shifting a massive stack of BTC into a fresh wallet.

According to blockchain watcher Lookonchain, the whale moved 5,152 BTC, valued at nearly $477 million, to a new address.

Lookonchain explained that this move came from a wallet tied to a $614 million long position, showing the trader’s confidence even during shaky market phases. But this transfer was only the beginning.

In another update, Lookonchain noted that the whale continued to add more crypto to his long positions, strengthening his bets across several major assets.

The platform stated that he now holds 150,466 ETH, worth almost $491 million, 1,000 BTC, about $92.6 million, and 212,907 SOL, roughly $28 million.

Ethereum Longs Grow Despite Market Pressure

While many traders hesitated during the recent dip, 1011short did the opposite. Lookonchain earlier reported that the whale deposited an additional $110 million in USDC to the decentralized exchange Hyperliquid.

The funds were used to expand his long positions on both BTC and SOL, lifting his exposure at the time to 140,094 ETH, valued at $450 million, 1,000 BTC, worth $91.8 million, and 100,000 SOL, roughly $13.6 million.

As markets slid further, the whale doubled down again. Lookonchain shared that he added 20,000 more ETH, valued at more than $63 million. This move pushed his liquidation price to $2,387, tightening his risk margin.

According to Lookonchain, the trade shifted from over $26 million in profit to more than $2.4 million in losses, highlighting the dangerous volatility surrounding his strategy.

Still, the whale showed no signs of retreating. In another report, Lookonchain noted that his ETH long exposure rose to 120,094 ETH, worth more than $392 million at the time.

That increase pushed his liquidation threshold down to $2,234, suggesting he is prepared to stomach wide swings while maintaining long-term conviction in Ethereum.

Lookonchain added that he also set limit orders aimed at acquiring another 40,000 ETH within the $3,030 to $3,258 range, along with 50,000 SOL at around $138.6, showing he expects more upside ahead.

BTC USD In Focus in Bitcoin News

As the market retreated and soaring focus on Bitcoin news, the BTC USD OG seemed to have taken the opportunity to put his bets on the assets.

Besides, it also comes in tandem with a broader crypto market recovery today.

At the time of writing, BTC USD price hovered near the $92,300 mark with a surge of around 2.3% in the last 24 hours.

On the other hand, the ETH price was up around 2% to $3,200, and the Solana price recorded a surge of over 6% to $139.