An investor with assets worth $11 billion has taken long positions on three leading cryptocurrencies, according to Lookonchain. In October, this player accurately predicted the market crash.
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/rM9dXV3Ln4https://t.co/Fsi6okD47f pic.twitter.com/qVlZ4c6Htx
— Lookonchain (@lookonchain) December 30, 2025
The total amount of longs is estimated at $749 million. The largest position is in Ethereum — $598 million at a price of around $3147. The liquidation level is at $2143.
The whale has bet $87.2 million on Bitcoin rising to $91,506 and $63.2 million on Solana rallying to $130.1.
The investor’s unrealized loss is approximately $49 million.
Analysts first took notice of this participant in August, when he sold Bitcoin worth $2.59 billion and bought Ethereum on the spot market for $2.2 billion. The whale then opened a long position on the largest altcoin, betting $577 million on its rise.
A few days before the market crash on October 10-11, the player opened a series of short positions on the two main cryptocurrencies.
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: $4,589.3https://t.co/xDbaCvSrQ3 pic.twitter.com/YLwoc9Bbi1— Lookonchain (@lookonchain) October 10, 2025
Accumulation
Other major players are also acquiring the second-largest cryptocurrency by market cap. According to an analyst known as Milk Road, since December 26, Ethereum holders have added 120,000 ETH ($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.
According to Nansen, over the past week, whales have accelerated the pace of altcoin acquisition by more than one and a half times. In total, 19 wallets purchased coins worth $7.43 million.
Former CEO of the now-defunct BitForex exchange, Garrett Jin, believes that Bitcoin and Ethereum will soon receive a massive influx of capital. He linked this to the end 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.
Meanwhile, the most successful traders on Hyperliquid continue to bet on the decline of the two largest digital assets. The total volume of open shorts on Ethereum is estimated by Nansen analysts at $121 million, and on Bitcoin — at $192 million.
According to CoinGecko, at the time of writing, digital gold is trading around $87,900, and the leading altcoin is near $2900.
In December, the volume of leveraged positions increased by $2.4 billion, despite a 40% decline in trading activity.