Here’s What Massive Whales Did in the Last Few Hours as Bitcoin (BTC) Plunged

Bitcoin (BTC) price fell to the $98,000 level following a 3% pullback in the last 24 hours, while on-chain whale activity attracted attention in the market.

Especially large ETH positions, high leverage long trades, and large BTC transfers have entered the radar of cryptocurrency users.

As the market fell, one of the addresses known as the “big unknown whale” reopened a long position on ETH with 25x leverage. The whale's total position size across his two wallets reached 14,635 ETH, with a current value of approximately $49.3 million. Before starting the new trade, the whale made a quick scalp trade with the “0x93c” wallet, generating a profit of $440,000, bringing his total profit to $776,000.

Meanwhile, a newly created wallet opened a 25x leveraged ETH long position by depositing $5.66 million into the HyperLiquid exchange. This address was linked to another whale that had previously opened an ETH position by depositing $8 million USDC into HyperLiquid.

One of the most notable whale movements came from Owen Gunden. Gunden transferred 2,401 BTC ($244.96 million) to Kraken about three hours ago. However, he still has 2,499 BTC ($258.58 million) in his wallet.

Another famous whale, MachiBigBrother, continued to grow his ETH and UNI long positions by depositing 2.44 million USDC into HyperLiquid in the last 8 hours. His current positions stand at 6,275.7 ETH ($21.3 million) and 88,888.8 UNI ($705,000).