$11B Bitcoin whale sells $330M ETH, opens massive $748M longs in top cryptos

💡 DMK Insight

A massive $11 billion bet from a Bitcoin whale is shaking things up, and here’s why you should care: While this whale is bullish on Bitcoin, Ether, and Solana, the broader sentiment among ‘smart money’ traders is leaning short. This divergence could create volatility in the short term, especially if the whale’s positions lead to a price surge. With ETH currently at $2,977.63 and SOL at $124.13, traders should watch for potential breakouts or reversals around these levels. If Bitcoin starts to rally, it could pull ETH and SOL along, but if the smart money’s short positions hold, we might see a pullback. It’s worth noting that such large bets can influence market sentiment, potentially triggering a cascade of buying or selling. Keep an eye on the daily charts for ETH and SOL; a close above recent resistance levels could signal a shift in momentum. Conversely, if prices dip below key support, the whale’s bullish stance might not hold up against the prevailing bearish sentiment.