Whales Bet Big on Altcoins as Bitcoin's Rally Shifts Crypto Market
Crypto whales are positioning themselves beyond Bitcoin in response to its recent price rally. According to TradingView, large holders are buying Ethereum, Solana, XRP, and Hyperliquid as traders seek stronger relative performance and higher-beta opportunities.
Ethereum has emerged as the leading alternative for fresh crypto risk exposure, with a whale opening an approximately $44.85 million ETH perpetual long using 25x leverage. Another large position is valued at roughly $107 million. Ethereum's liquidity and higher upside beta compared to Bitcoin make it an attractive asset.
Solana is attracting capital further up the risk curve, with one whale recently opening a 100,000 SOL long position worth approximately $10.45 million with 20x leverage. Solana's relative strength has made it one of the market's most closely watched large-cap altcoins, and the whale positioning adds to the bullish case.