A cryptocurrency whale with an estimated net worth of $11 billion has opened three leveraged long positions totaling $748 million across Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), according to on‑chain data shared by Lookonchain.A cryptocurrency whale with an estimated net worth of $11 billion has opened three leveraged long positions totaling $748 million across Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), according to on‑chain data shared by Lookonchain.

$11B Bitcoin Whale Opens $748M in Leveraged Long Positions Across BTC, ETH, and SOL After ETH Liquidation

2025/12/31 14:08
News Brief
A cryptocurrency whale with an estimated net worth of $11 billion has opened three leveraged long positions totaling $748 million across Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), according to on‑chain data shared by Lookonchain.

A cryptocurrency whale with an estimated net worth of $11 billion has opened three leveraged long positions totaling $748 million across Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), according to on‑chain data shared by Lookonchain.

The move comes after the same wallet liquidated approximately $330 million worth of Ethereum, suggesting a rapid shift in positioning rather than a reduction in overall market exposure.

Breakdown of the Activity

  • Whale net worth: ~$11 billion
  • Total leveraged long exposure: $748 million
  • Assets involved: Bitcoin, Ethereum, Solana
  • Prior action: $330 million ETH liquidated

While specific leverage ratios were not disclosed, the scale of the positions indicates a high‑conviction bet on near‑ to medium‑term upside across major crypto assets.

What the Move Suggests

Analysts interpret the sequence—selling spot ETH followed by opening large leveraged longs—as a sign of tactical repositioning, potentially to:

  • Increase capital efficiency through leverage
  • Rotate exposure across majors
  • Express a directional bullish view while managing liquidity

The inclusion of Solana alongside Bitcoin and Ethereum also points to selective confidence in large‑cap altcoins.

Market Implications

  • Sentiment signal: Large whale positioning often attracts market attention, though it does not guarantee directional accuracy
  • Volatility risk: High leverage increases the risk of cascading liquidations if prices move sharply against the positions
  • Liquidity impact: Positions of this size can influence derivatives funding rates and short‑term market dynamics

Caution for Traders

While whale activity can provide insight into market sentiment, analysts caution that such players often have:

  • Deep liquidity buffers
  • Advanced risk‑management strategies
  • The ability to hedge or exit rapidly

As a result, replicating whale trades without comparable resources carries significant risk.

The activity underscores how large players continue to actively reposition using leverage, reinforcing both the opportunity and risk inherent in crypto derivatives markets.

Market Opportunity
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