A major BTC whale significantly expanded Ethereum long positions on Jan. 16, acquiring 100,000 ETH within 10 minutes and boosting total holdings to $736 million, with an estimated $32.5 million in unrealized profit. This comes alongside other whale movements into large leveraged Bitcoin positions, including wallet 0x720a6’s 5x leveraged long of 120 BTC worth $11.5 million, and 'pension-usdt.eth' reallocating from ETH into a 3x leveraged Bitcoin long of 1,000 BTC valued at $95 million.