Bitcoin whale opens $56.7M Bitcoin long after 18 months on the sidelines
Key Takeaways
- A major Bitcoin whale has entered a $56.7 million long position after being inactive for 18 months.
- The move reflects renewed confidence among large-scale investors in Bitcoin's future price trajectory.
A major Bitcoin whale has taken an 18x leveraged long position worth $56.7 million, marking their return to active trading after remaining on the sidelines for 18 months.
The substantial leveraged bet comes as the whale currently holds an unrealized profit of $4.39 million, reflecting renewed conviction among large-scale investors in Bitcoin’s price trajectory. Whale activity has intensified in recent months, with major holders taking advantage of market dips to build their positions.
Bitcoin operates as a decentralized digital asset enabling secure peer-to-peer transfers on a blockchain network. On-chain data shows whale accumulation patterns that support long-term holding strategies among major investors.
Large investors have demonstrated structural confidence by absorbing coins from smaller sellers during periods of market uncertainty. This institutional activity continues to underpin Bitcoin’s price resilience as whales lead accumulation efforts.
The whale’s return to an active leveraged position after an extended period away from the market represents a shift in trading behavior among Bitcoin’s largest holders.
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.
You may also like
Bitcoin Updates Today: Bitcoin Drops for 27 Consecutive Days as U.S. Institutions Lead Over International Investors
- Coinbase Bitcoin Premium Index hits 27-day negative streak, signaling U.S. institutional selling pressure amid $84,500 price decline. - Bitcoin ETFs lost $3.79B in November, led by BlackRock's $2.47B IBIT outflows, while Solana ETFs gained $531M from staking yields. - Weekend trading pauses briefly reverse negative premiums, but weekday institutional selling dominates Bitcoin's short-term trajectory. - Experts warn sustained bearishness requires premium index normalization, with Ark Invest cutting 2030 B
Bittensor's TAO Surge Stands Out Amid Challenges in Conventional Industries
- Bittensor's TAO token surged after Safello's ETP listing on SIX Swiss Exchange, reaching $10B monthly volume and 7% daily gains. - Clearside Biomedical filed Chapter 11 bankruptcy with $50M-$100M liabilities, while ProMIS executed 1-for-25 reverse split triggering 18.8% drop. - U.S. CMS slashed prices for 15 major drugs up to 70%, and China's Vanke delayed 2B yuan bond repayment amid property crisis concerns. - Market divergence highlights crypto's institutional adoption versus traditional sectors' regul
XRP News Today: While Bitcoin Leads the Market, Altcoin ETFs Face Liquidity Challenges
- NYSE Arca approved multiple altcoin ETFs (XRPZ, GDOG, GXRP, BWOW), expanding crypto access with institutional-grade products. - Grayscale's XRPZ saw $90M inflows amid market declines, while Dogecoin ETFs face liquidity challenges despite cultural appeal. - XRP futures hit record volumes, and Zcash's ETF conversion proposal highlights privacy token demand amid regulatory gaps. - Altcoin ETFs struggle to compete with Bitcoin's dominance, with DOGE's $22B market cap underscoring speculative risks and opport
Bitcoin News Today: Xapo's Enhanced Bitcoin Fund Signals Growing Institutional Confidence in Digital Assets
- Xapo Bank expanded its Byzantine BTC Credit Fund after $100M in institutional allocations, reflecting growing demand for Bitcoin-backed yield products. - The fund uses Hilbert Group's institutional-grade lending process to generate low-risk returns for Bitcoin holders through collateralized loans. - Xapo's expansion follows 2022 lending sector collapse, leveraging regulatory compliance in Gibraltar/Cayman to rebuild institutional trust in Bitcoin collateral. - The product differentiates from ETFs/stablec
Trending news
MoreCrypto prices
More
