ReadNOW

• A Bitcoin whale opened an enormous $491M lengthy place on Ethereum, sparking hypothesis.
• Complete lengthy publicity throughout ETH, BTC, and SOL now exceeds $614M, with 5,152 BTC moved to a brand new pockets.
• ETH value stays flat whereas SOL jumps 6% and BTC ticks up 2%.

A Bitcoin whale generally known as Bitcoin OG 1011short has opened a shocking $491 million lengthy place on Ethereum, in line with Lookonchain. The big dimension of the wager has fueled instant hypothesis throughout crypto circles, with merchants questioning whether or not the whale is performing on insider expectations or positioning forward of a serious narrative shift. The transfer stands out throughout a quiet interval for ETH, which has traded principally flat over the past day.

Whale Expands to BTC and SOL, Complete Longs Now Over $614M

The aggressive leverage didn’t cease with ETH. The dealer additionally opened lengthy positions in Bitcoin and Solana, pushing the whale’s complete lengthy publicity above $614 million. In a separate on-chain transfer, the whale transferred 5,152 BTC (~$477 million) to a brand new pockets — an enormous relocation that’s including much more intrigue to the timing and intent behind these positions. Some analysts now see this habits as a coordinated multi-chain bull thesis quite than a single-asset wager.

Market Response: ETH Flat, SOL Surges, BTC Climbs

Regardless of the colossal wager, ETH has barely moved, remaining primarily flat over the previous 24 hours. Solana, nonetheless, jumped practically 6%, whereas Bitcoin rose round 2%, in line with CoinGecko.

The muted response from Ethereum could counsel the market is ready for affirmation—or it could indicate a buildup earlier than a volatility spike. Regardless, the whale’s conviction-level positioning has grow to be probably the most talked-about catalysts heading into the following buying and selling cycle.

Disclaimer: BlockNews offers unbiased reporting on crypto, blockchain, and digital finance. All content material is for informational functions solely and doesn’t represent monetary recommendation. Readers ought to do their very own analysis earlier than making funding choices. Some articles could use AI instruments to help in drafting, however each piece is reviewed and edited by our editorial crew of skilled crypto writers and analysts earlier than publication.