Crypto Whales Open $148M+ Bitcoin and Ethereum Long Positions Despite Strategy’s BTC Sales

Despite recent Bitcoin selling by Strategy, large crypto traders continue to show confidence in the market, with on-chain data revealing several major leveraged long positions across Bitcoin and Ethereum.

One whale, identified as “0x15a4,” opened a 40x-leveraged long position on 1,000 BTC, valued at approximately $63.8 million.

Meanwhile, another trader, “0x7fba,” entered a 10x long position on 30,627 ETH, worth around $54.9 million.

Further highlighting the bullish activity, whale “0xe069” placed a 20x-leveraged long position on 470.4 BTC, valued at roughly $30 million.

Source: Lookonchain