- A massive 134,902 SOL transfer hints at strategic profit-taking or liquidity management, potentially impacting Solana’s price.
- After selling 1,863 ETH for $4.06M USDC, a whale opened a high-risk 20x leveraged long position in Bitcoin.
- Two whales borrowed over $26M USDT from Aave to buy ETH, suggesting strong expectations of an Ethereum price surge.
Whale activity in BTC, ETH, and SOL suggests major market moves, with leveraged BTC bets, ETH accumulation, and large SOL sell orders unfolding.Recent data from Lookonchain shows that a significant movement of 134,902 SOL ($19.3 million) was recently recorded on the Solana blockchain, raising speculation about potential market impacts.
The unstaked amount was followed by multiple limit orders to sell 135,000 SOL within a price range of $171 to $294.8, signaling possible strategic profit-taking or liquidity management. From a technical perspective, Solana has been experiencing volatile price movements, with its price currently trading around $149.24 with a 2.7% price surge.The upper limit of the whale’s sell orders—set at $294.8—indicates confidence in a potential upward trajectory, assuming favorable market conditions.
Whale Activity Sparks Market Moves: Leveraged BTC Bet After ETH Sell-Off
As of today, Bitcoin (BTC) is trading at $90,759.82, reflecting a 2.46% increase from the previous close. The day’s trading range has seen a high of $92,793 and a low of $87,587. This recent price movement aligns with a series of high-value transactions in the crypto market.
A whale sold 1,863 $ETH for $4.06M $USDC after being dormant for 2 years and deposited $USDC it on @HyperliquidX, and opened a long position in $BTC with 20x leverage.
— Onchain Lens (@OnchainLens) March 5, 2025
Address: 0x523b21f469825d0104ac6a3c762a955eedb75e5b
Data @nansen_ai pic.twitter.com/aiz6wjJpHN
Notably, a previously dormant whale wallet—0x523b2…—resurfaced after two years, selling 1,863 ETH for approximately $4.06 million USDC. The money went into HyperliquidX which launched a 20x leveraged Bitcoin long position through their derivatives trading platform.This strategy indicates a bullish outlook on Bitcoin, though the high leverage amplifies market risk, as sharp price movements could lead to liquidation.
Whales Buy ETH as Price Hits $2,288
In a separate development, two whales were seen borrowing USDT from Aave to buy Ethereum, indicating strong confidence in ETH’s price trajectory. The first whale, 0xc86c…3d12, withdrew and borrowed $19.3 million USDT, using it to purchase 8,397 ETH at $2,300. The second whale, 0x6646…6de5, borrowed $7.08 million USDT to buy 3,074 ETH at $2,304. These transactions reflect a strategic move to capitalize on ETH price action, possibly anticipating a market upswing.
2 whales borrowed $USDT from #Aave to buy $ETH.
— Lookonchain (@lookonchain) March 6, 2025
0xc86c…3d12 withdrew and borrowed 19.3M $USDT from #Aave to 8,397 $ETH at $2,300.
0x6646…6de5 withdrew and borrowed 7.08M $USDT from #Aave to 3,074 $ETH at $2,304.
Address:
0x66466428990e0f42a4c54f64bee0db6bf2336de5… pic.twitter.com/qa4xARIQVP
Meanwhile, the ETH purchases funded by borrowed USDT highlight growing confidence in Ethereum’s potential appreciation. The current value for Ethereum stands at $ 2,288.79 while its 24-hour trading volume reaches $ 34.49B with market dominance at 9.23%.
The ETH price demonstrates 1.6% growth during the past twenty-four hours which indicates increasing ETH market momentum. Whale activity in BTC, ETH, and SOL signals strategic market positioning, with leveraged bets, accumulation, and large sell orders shaping future trends.
