Crypto Whale Opens Massive Long Positions in BTC, ETH, SOL, and XRP

A giant crypto whale, going by “ Sold 255 BTC to short,” has executed an aggressive strategy by opening new positions. In this respect, the crypto whale has reportedly opened significant long positions in Bitcoin ($BTC), Solana ($SOL), Ethereum ($ETH), and XRP ($XRP). As per the data from Lookonchain, the latest positions highlight a complete long exposure for the whale without any short exposure. Thus, this move could be a sign of a price development of these assets to occur soon.

Crypto Whale Goes Long on $BTC, $SOL, $ETH, and $XRP, Earns Notable Unrealized Profits

The whale has allocated the biggest amount for a Bitcoin ($BTC) long position. Hence, the Bitcoin long position accounts for up to 1,210.35 $BTC. This amount has a value of approximately $109.5M. Additionally, the long position has a leverage of nearly 15x. Along with that, the entry price of the position stood at $90,294.00 while its present price has touched $90,497.00. On the other hand, the liquidation price of this position is almost $69,316.38.  At the same time, the unrealized profit of the position is 3.36%.

In addition to this, the whale’s Ethereum ($ETH) long position includes 32,474.11 $ETH, with a value of $100.6M. Just like the Bitcoin long position, this position also has a noteworthy 15x leverage. The unrealized profit of the position sits at 2.08%. Its entry price was $3,092.89, while it is currently hovering around $3,097.20. Apart from that, the liquidation price of the position is $2,301.49. This indicates the whale’s huge confidence in the leading crypto assets in anticipation of substantial market movements.

Whale Pockets $9.4M in Total Profit Driving While Driving Bullish Exposure Further

According to Lookonchain, the whale has also opened $SOL and $XRP positions simultaneously. The $SOL position reportedly comprises 503,778 $SOL, almost equal to $69.9M, with a 20x leverage. The entry, current, and liquidation prices of the position are $138.6447, $138.79, and $87.25, respectively. Moreover, its unrealized profit is 2.09%. Additionally, the $XRP position has a valuation of 14.26M $XRP (approximately $29.9M) with a 20x leverage while its unrealized profit has reached $2.65%. Overall, these positions have proved profitable for the whale, with its total profit claiming the $9.4M spot.