Whales Expect a Rise in Bitcoin and Ethereum

In recent days, the cryptocurrency market has turned its focus on the moves of major investors. On-chain data reveals that two large whales have opened long positions worth millions of dollars in Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and newly launched tokens.

The on-chain analysis platform Lookonchain shared the latest moves of significant investors in the crypto market. According to the data, two different whales have shown their confidence in the market's rise by opening high-leverage long positions in the last 24 hours. The first whale, 0x71a0, had a noteworthy portfolio. This whale has already realized over $5 million in unrealized profit from positions in Ethereum (ETH), Solana (SOL), PUMP, and Fartcoin (FARTCOIN). The whale has already set profit-taking levels:

• Ethereum: $4,300–$4,700
• Solana: $210–$250
• PUMP: $0.007–$0.009
• Fartcoin: $0.6–$1

Another significant investor, whale 0xC50a, opened a 40x long position for 149 Bitcoin (worth $16.6 million) and a 10x long position for 284,501 HYPE (worth $12.5 million) in the last 12 hours. This move, especially with the growing speculation around HYPE token, demonstrates the whale's aggressive risk appetite.

According to on-chain analysts, such large-scale long positions indicate a renewed optimism for a market uptrend. The profit levels established in major assets like Ethereum and Solana could create critical thresholds that might determine the market's direction in the short term. This situation highlights important price levels that investors should monitor.