The crypto market, ever the fickle companion, erased its weekend gains in early Asian trading hours on Monday, nodding politely to $3.59 trillion despite easing global trade tensions. What a marvellous confusion!
Amidst this, the esteemed whales of the digital ocean have been most active in their aquatic maneuvers, shifting hundreds of millions of dollars in Bitcoin (BTC), Ethereum (ETH), and other altcoins. Accumulation? Profit-taking? A whimsical waltz of greed and caution among the wealthy few!
Crypto Whales Rebalance Portfolios With Major Transactions
The two largest cryptocurrencies witnessed transactions so grand one might imagine Mr. Darcy himself inspecting the ledgers. Analyst EmberCN reported a whale withdrawing 20,021 ETH (valued at $78.15 million) from Binance-a sum sufficient to feed an entire village for a decade or so.
This astute investor had previously employed $700 million USDC as collateral to borrow $262 million of ETH, perhaps to short the asset with laudable alacrity.
“When they shorted ETH two weeks ago, the price stood at $4,032,” observed Miss EmberCN with a wry grin. “Now, at $3,850, their short position has likely yielded them a tidy £12 million in profit. A most commendable feat!”
Another whale, long nestled in ETH on Aave, sold 2,500 ETH ($9.67 million) to reduce leverage, having purchased 2,989 ETH at $4,197. Here lies a paltry £820,000 loss, yet they retain 13,504.56 ETH as collateral. A lesson in moderation, perhaps?
Meanwhile, BTC saw the whales mobilize toward exchanges, as though the market itself had burst into a quadrille of high-value transactions. A notable depositor placed 351 BTC into Binance, reaping £27.97 million.
Onchain Lens reveals this same whale withdrew 361 BTC ($11.63 million) three to four years ago, only to redeposit it for £39.6 million. Meanwhile, an OG whale sent 500 BTC ($55.28 million) to Kraken-a move as surprising as a gentleman proposing to a barmaid.
“In totality, this OG has deposited 7,003 BTC ($781.81 million) into CEXs over the past 3 weeks,” declares OnChain Lens, raising an eyebrow at the audacity.
Owen Gunden’s further deposit of 193.77 $BTC ($21.49M) into #Kraken is noted…
Owen’s remaining 8,922 $BTC ($990.85M) suggests he is as tenacious as a determined cat at a gazelle.
– Onchain Lens (@OnchainLens) November 2, 2025
Beyond BTC and ETH, other altcoins have captivated the whales’ attention. Binance’s founder, Changpeng Zhao, himself partook in the fray with a £2 million ASTER acquisition. Meanwhile, another whale divested 5.8 million ASTER ($5.58 million) from Binance in a transaction as abrupt as a solvent inclined to scold.
“In six days, it withdrew 6.8 million ASTER ($6.66 million) from Binance,” quips OnChain Lens, lest we forget the art of understatement.
Lookonchain further notes three wallets acquiring 2.26 million GHOST tokens over the weekend. A Solana (SOL) whale, dormant for ten months, awoke only to purchase 1.12 million GHOST tokens. One imagines them with a thermos and a strategy-a most fetching sight!
What Are Whales Positioning for in the Derivatives Market?
In the derivatives market, our worthy players adjust their positions with commendable audacity. A crypto whale, famed for a 100% win rate, increased long exposure in BTC, ETH, and SOL-akin to a breach of the most sacred etiquette but with fewer regrets.
“Smart trader 0xc2a3, with a 100% win rate, adds to his BTC, ETH, and SOL longs!” proclaims Lookonchain with a tone of begrudging admiration. “Current positions: 39,000 $ETH ($151 million), 1,070 $BTC ($118 million), 569,050 $SOL ($105 million). Limit orders to add 40,000 $SOL ($7.36 million) longs at $184 follow.”
Trader 0x8d0E then transferred 10 million in USDC to Hyperliquid and initiated a 20x leveraged long on 140,366 SOL ($26.14 million)-a gambit as precarious as a suitor with nothing to lose and everything to gain.
Gambler 0x9e4f is making a most perilous wager.
He opened a 25x short on 7,368.8 $ETH ($28.2M) at an entry price of $3,900.81, with liquidation looming at $3,953.3.
It’s go big or face ruin-a fate preferable to mediocrity, perhaps.
– Lookonchain (@lookonchain) November 3, 2025
Lastly, traders turned defensive on ASTER after CZ’s astute purchase. Whales 0xbadb and 0x9eec increased their short positions, reaping £5.9 million and £1.4 million respectively.
“Both whales shorting ASTER are currently in profit,” Lookonchain declares, as if surprised such ruthless cunning exists.
Thus concludes this dismal tale of whale-driven market antics: a dance of bullish fervour and bearish slyness, where fortunes shift as swiftly as a maiden’s opinion of a well-attired gentleman. One cannot help but wonder who will emerge victorious-or at least solvent-in this grand spectacle. 🐋💥
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2025-11-03 09:07