What are the investment methods of whales in Uptober Rally?

Uptober Rally and Bitcoin's Records

Recently, the cryptocurrency markets have been drawing attention with Bitcoin's strong gains. Bitcoin reached $125,700 on Sunday, achieving an all-time high and then surpassed $126,000 to set new records. Behind this are macroeconomic factors such as the potential government shutdown in the U.S. and record-breaking spot ETF inflows.

Whale Activities and Market Behaviors

On-chain data shows an increase in whale activities. Transactions by large wallet holders in high market cap cryptocurrencies have become an important indicator for profit realization and strategic positioning. Particularly, Ethereum drew the attention of whales last week, gaining over 10% in value.

Significant Buying and Selling Activities

According to data provided by OnChain Lens, a new wallet address was detected to have acquired approximately 26,029 ETH, valued at about $116.8 million. Additionally, another whale purchased 7,311 ETH at an average price of $4,514. Lookonchain also highlighted that the address “0xa312” withdrew $39.5 million worth of 8,695 ETH.

Strong Institutional Interest Continues

Despite its rise, Bitcoin is supported by strong institutional interest. According to BitcoinTreasuries data, last week 14 companies increased their Bitcoin reserves, while only one company reduced its position. The largest increase was made by Metaplanet, which captured attention with 5,268 BTC.

Whale Movements in the Altcoin Market

The activity of whales has not been limited to Bitcoin and Ethereum. A crypto whale purchased 1.69 million Aster (ASTER) tokens for approximately $3.14 million. The Gnosis Safe Proxy wallet also transferred about $10.87 million worth of 11.67 million Ondo (ONDO) tokens to exchanges. Furthermore, $15.52 million worth of 700,000 Chainlink (LINK) tokens were also among the exchange investments.

In conclusion, whale activities reflect various investment strategies in the cryptocurrency market, while some investors took advantage of recent highs to secure their profits.