Whale ‘1011’ Expands Bitcoin and Ethereum Long Positions to $80.33 Million
Recent whale trades include massive Ethereum acquisitions, billion-dollar shorts in BTC, XRP, and ZEC, and significant withdrawals from DeFi platforms followed by exchange deposits.
BTC
ETH
XRP
Summary
HyperInsight data from Nov. 16 highlights major crypto whale activities, including $5 million in Ethereum ecosystem token sales by Arthur Hayes and a $1.9 billion short position spanning Bitcoin, XRP, and Zcash. Another whale acquired 444,895 ETH worth $1.39 billion before initiating sales, following large withdrawals from Aave and deposits to Binance. These moves add to recent leveraged ETH shorts, long positions with losses, enduring ZEC shorts, and profitable Bitcoin shorts, signaling aggressive positioning across multiple assets.
Terms & Concepts
- ETH: Ticker for Ether, the native cryptocurrency of the Ethereum network.
- Long Position: A bullish trade that profits if the asset’s price rises.
- Short Position: A bearish trade that profits if the asset’s price declines.