Bullish Trader Earns 9 Million By Longing 22 Coins
By: bitcoin ethereum news|2025/05/04 05:15:02
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A crypto whale has recently made a notable profit on crypto long positions. As per the data from Lookonchain, the crypto whale went long on Bitcoin ($BTC), Solana ($SOL), Ethereum ($ETH), Chainlink ($LINK), Ripple ($XRP), Litecoin ($LTC), and sixteen other crypto tokens, getting $9M in profits. The on-chain analytics platform revealed this development in a recent X post. A whale has been long $BTC , $ETH , $SOL , $LTC , $XRP , $LINK and other 16 tokens in the past month, with a total profit of more than $9M. Additionally, this whale bought 309 $BTC ($24.68M) at an average price of $79,792, currently sitting on unrealized profits of more than $5M.... pic.twitter.com/LVwmdlmUhf — Lookonchain (@lookonchain) May 3, 2025 Whale Pockets M in Long Positions in $BTC, $SOL, and 20 Other Crypto Coins Lookonchain’s statistics demonstrate the whale’s bullish sentiment for digital assets. By opening long positions in a wide range of crypto assets, including Bitcoin ($BTC), Solana ($SOL), and Ethereum ($ETH), the whale has reportedly pocketed up to $9M. This massive whale activity shows comprehensive leverage strategies and thorough market understanding. The market data reveals that the whale now accounts for a cumulative portfolio value of $13.57M. Additionally, this also comprises $3.57M withdrawable amount apart from a 3.52x leverage, paving the way for a cumulative $47.74M in position value. Simultaneously, the whale’s total perpetual equity of $13.57M has a 34.34% margin usage. Additionally, the whale’s 100% long exposure is another bullish sign. Specifically, among the whale’s notable long positions, Bitcoin ($BTC) accounts for 78 $BTC, equaling $6.82M. This position reportedly accounts for an unrealized profit of 466.73% at $1.27M. Similarly, the whale’s long $ETH position has a value of $9.12M (equivalent to 5,000 $ETH) with a $1.54M in unrealized profit. Whale’s Massive Long Positions Highlight Potential for Continuous Accumulation Spree According to Lookonchain, the noteworthy long positions of the whale signal a substantial confidence in the current crypto bull market. Particularly, the whale’s long positions in $BTC, $SOL, and $ETH display an enormous interest. However, whether the whale will further carry on this accumulation trend or shift toward profit-taking remains to be seen. Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse. Source: https://blockchainreporter.net/wallets/bullish-trader-earns-9-million-by-longing-22-coins/
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