Investor with $11B assets bets on Bitcoin, Ethereum, Solana; predicted market crash in October.
An investor with an impressive $11 billion in assets has taken a substantial long position on three leading cryptocurrencies, as reported by Lookonchain. This player has demonstrated not just significant capital but also a keen market intuition—accurately predicting a notable market crash in October.
BREAKING!
The #BitcoinOG (1011short) with a massive $749M long position in $BTC, $ETH, and $SOL, just deposited 112,894 $ETH ($332M) into #Binance again.
https://t.co/rM9dXV3Ln4
https://t.co/Fsi6okD47f
pic.twitter.com/qVlZ4c6Htx— Lookonchain (@lookonchain) December 30, 2025
The total long positions taken by this whale is estimated to be around $749 million, with the largest stake being in Ethereum at $598 million, priced at approximately $3147. The liquidation level for this position stands at $2143.
Diving deeper into this investor’s strategy, it seems they have placed a $87.2 million bet on Bitcoin climbing to $91,506 and a $63.2 million bet on Solana rising to $130.1. Interestingly, although their unrealized loss sits at around $49 million at present, their strategic voicing in the volatile market is noteworthy.
Analysts first began tracking this participant back in August. At that time, they offloaded Bitcoin valued at $2.59 billion, only to buy up Ethereum in the spot market for approximately $2.2 billion. Following this, they opened a significant long position on Ethereum worth $577 million, intrigued analysts further.
As the market experienced a downturn around October 10-11, the whale took proactive measures by opening a series of short positions on both Bitcoin and Ethereum, seemingly anticipating further declines.
This #BitcoinOG keeps adding to his shorts on $BTC and $ETH — his total positions have now exceeded $1.1B.
10x short on 6,189 $BTC ($752.9M)
Liquidation price: $130,81012x short on 81,203 $ETH ($353.1M)
Liquidation price: $4,589.3
https://t.co/xDbaCvSrQ3
pic.twitter.com/YLwoc9Bbi1— Lookonchain (@lookonchain) October 10, 2025
Accumulation Trends
Interestingly, the market is not just seeing activity from this whale; other significant players are also accumulating assets, particularly Ethereum. An analyst known as Milk Road noted that as of December 26, large Ethereum holders have added 120,000 ETH (approximately $350 million) to their balances.
Since Dec 26, large Ethereum holders have added 120,000 ETH ($350M).
Addresses holding 1,000+ ETH now control roughly 70% of supply, a share that has been rising since late 2024.
If this behavior continues, the market may not fully be pricing in where the smart money expects… https://t.co/JBjtv1EbTD
pic.twitter.com/iENEybMPSu— Milk Road (@MilkRoad) December 29, 2025
“Addresses holding more than 1,000 ETH now control roughly 70% of supply, and this share has been rising since late 2024,” the expert noted.
Nansen analytics further indicates that over the past week, whales have accelerated their altcoin acquisitions by more than 1.5 times, with a total of 19 wallets purchasing coins worth $7.43 million.
Garrett Jin, the former CEO of the now-defunct BitForex exchange, has made bold predictions regarding Bitcoin and Ethereum. He anticipates a massive capital influx directed toward these cryptocurrencies, attributing it to the conclusion of the rally in the precious metals market.
The short squeeze in metals is over as expected. Capital is beginning to flow into crypto.
https://t.co/ipZj0QmNSX— Garrett (@GarrettBullish) December 30, 2025
“The short squeeze in the metals sector is over as expected. Capital is beginning to flow into cryptocurrencies,” he wrote.
Despite these bullish predictions, the landscape remains competitive. Many successful traders on platforms like Hyperliquid are actively betting against the two largest digital assets. Nansen analysts estimate that the total volume of open shorts on Ethereum is at $121 million, while Bitcoin stands at $192 million.
As of now, Bitcoin is trading at around $87,900, while Ethereum is hovering near $2900. In December, even with a 40% decline in overall trading activity, the volume of leveraged positions surged by $2.4 billion, showcasing the continued interest and complexity of the cryptocurrency market.
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