Whales Open Massive Leverage Positions, Betting on Bitcoin to Break ATH
BTC’s drop from $107,000 to $103,000 reflects profit-taking and macroeconomic pressures, but support at $102,000 suggests bullish momentum persists.
Sharp declines in altcoins like Solana, XRP, and PI underscore the dangers of chasing momentum without strong fundamentals, especially in a Bitcoin-dominated market.
detecting market signals, such as potential institutional inflows or regulatory shifts, driving their confidence in taking such high-leverage risks. Their aggressive positioning could foreshadow a significant price movement, as whales often act on insights unavailable to retail traders.
Source: Hyperliquid
Additionally, BitMEX founder Arthur Hayes, in the latest Fortune Crypto interview, offered a bullish outlook, predicting Bitcoin could reach $200,000, driven by U.S. Treasury spending, while also holding gold as a hedge.
Read more: Bitcoin to $150,000: Mike Novogratz’s Bold Predictions
He also emphasized Ethereum’s undervaluation, arguing that its current “hated” status in the market presents a buying opportunity, especially as institutional interest in ETH grows.
Hayes’ perspective aligns with his broader strategy of holding gold as a hedge against inflation while advocating for a “degen” approach to investing in altcoins with strong fundamentals, such as DeSci tokens, to capitalize on the market’s next wave of growth.