Whale Trades Reveal Market Sentiment During Recent Rally

On-chain data reveals that altcoin whales have been actively trading in Bitcoin (BTC), Ethereum (ETH), and Hyperliquid (HYPE) during the recent market rally.

A large whale, reportedly linked to Matrixport, closed a long position of 40,000 ETH worth approximately $100.5 million, making a profit of $9.9 million. This investor still holds long positions of 80,000 ETH worth about $201 million and 500 BTC worth $39 million, with an unrealized profit of around $22.9 million.

The whale had previously been in a total loss of $92.5 million but has since turned their positions into a profit of approximately $32.8 million.

Machi Big Brother, known for his highly leveraged trades, also benefited from the recent surge. He reportedly increased his capital from $152,000 to $12.72 million in just three days, resulting in a profit of over $12.5 million.