Bullish Trader Earns 9 Million by Longing 22 Coins

A crypto whale has recently made a notable profit on crypto long positions. As per the data from Lookonchain, the crypto whale went long on Bitcoin ($BTC), Solana ($SOL), Ethereum ($ETH), Chainlink ($LINK), Ripple ($XRP), Litecoin ($LTC), and sixteen other crypto tokens, getting $9M in profits. The on-chain analytics platform revealed this development in a recent X post. A whale has been long $BTC, $ETH, $SOL, $LTC, $XRP, $LINK and other 16 tokens in the past month, with a total profit of more than $9M. Additionally, this whale bought 309 $BTC ($24.68M) at an average price of $79,792, currently sitting on unrealized profits of more than $5M.... pic.twitter.com/LVwmdlmUhf Whale Pockets M in Long Positions in $BTC, $SOL, and 20 Other Crypto Coins Lookonchain’s statistics demonstrate the whale’s bullish sentiment for digital assets. By opening long positions in a wide range of crypto assets, including Bitcoin ($BTC), Solana ($SOL), and Ethereum ($ETH), the whale has reportedly pocketed up to $9M. This massive whale activity shows comprehensive leverage strategies and thorough market understanding. The market data reveals that the whale now accounts for a cumulative portfolio value of $13.57M. Additionally, this also comprises $3.57M withdrawable amount apart from a 3.52x leverage, paving the way for a cumulative $47.74M in position value. Simultaneously, the whale’s total perpetual equity of $13.57M has a 34.34% margin usage. Additionally, the whale’s 100% long exposure is another bullish sign. Specifically, among the whale’s notable long positions, Bitcoin ($BTC) accounts for 78 $BTC, equaling $6.82M. This position reportedly accounts for an unrealized profit of 466.73% at $1.27M. Similarly, the whale’s long $ETH position has a value of $9.12M (equivalent to 5,000 $ETH) with a $1.54M in unrealized profit. Whale’s Massive Long Positions Highlight Potential for Continuous Accumulation Spree According to Lookonchain, the noteworthy long positions of the whale signal a substantial confidence in the current crypto bull market. Particularly, the whale’s long positions in $BTC, $SOL, and $ETH display an enormous interest. However, whether the whale will further carry on this accumulation trend or shift toward profit-taking remains to be seen.