Bitcoin and altcoins had a strong start to 2026, but then experienced a pullback. Whales continued to make significant trades while BTC and most altcoins struggled to break through key resistance levels.
According to a report from Lookonchain, whales who opened long positions in Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP have now made $9.4 million in profits.
According to Lookonchain, this whale is known in the market as “the whale that sold 255 BTC to create a short position.”
Therefore, the long position of the giant whale looks like this:
“1,210BTC (equivalent to $109.5 million)”
32,474 ETH (equivalent to $100 million)
503,778 SOL (equivalent to $69.9 million)
14.26 million XRP (equivalent to $29.9 million)”
Total profits to date have exceeded $9.4 million.
Lately, whales seem to be moving towards long positions. Therefore, one whale opened a long position on Ethereum.
According to Lookonchain data, trader “pension-usdt.eth” closed a short position of 20,100 ETH ($62.34 million) and made a profit of $395,000.
The whale then went long and opened a 3x long position with the same 20,000 ETH ($62 million). Total profits to date have exceeded $22.38 million.
*This is not investment advice.
