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Crypto whale opens $325M long positions in BTC, ETH, XRP, and SOL
Source: CryptoNewsNet Original Title: Crypto whale opens $325M long positions in BTC, ETH, XRP, and SOL Original Link:
Key Takeaways
A crypto trader previously known for shorting Bitcoin and Ethereum on Friday opened $325 million in long positions across Bitcoin, Ether, XRP, and Solana, according to data from HyperDash.
The positions include 1,247 BTC valued at $113 million, 36,249 ETH worth $112 million, over 506,000 SOL at $70 million, and over 14 million XRP totaling $30 million.
The trader’s unrealized profits exceed $300,000 at press time.
Bitcoin traded largely flat while holding above the $90,000 level, as price action remained muted, per CoinGecko.
Ether also moved sideways near $3,100, while Solana and XRP outperformed over the past week, gaining roughly 7% and 10%, respectively.