A crypto trader who has made 29 long plays on Bitcoin (BTC) & several altcoin prices is back with a few new altcoin gems. Making over $2.3 million in a month according to LookOnChainโs estimates, this particular crypto whale has now dipped its toes in 4 crypto currencies with double-digit leverages.
Profitable Crypto Trader Thinks Bitcoin Has More Upside
Among the bravest plays is the 40-times leveraged long Bitcoin (BTC) price position, currently valued at $29.5 million. Right now, this BTC price play is $173,855.5 in unrealized profit. However, the crypto whaleโs latest altcoin choices have brought miscellaneous results, with only one out of three being in the green.
This multi-million dollar Bitcoin guru aped into Ethereum (ETH), Solana (SOL) & Chainlink (LINK) with varying degrees of leverage. For one, the profitable major crypto player has put in a 25x leveraged play on Ethereumโs price. Currently, this position is the biggest, valued at $32.14 million while being $153K in the red.
Solana Price Play Puts Whaleโs Pockets $1M In The Hole
On the other hand, this crypto whaleโs portfolio is enriched with Solana (SOL) & Chainlink (LINK), but one of these positions is down over $1 million so far. Indeed, the 10x play on Chainlink (LINK) has this trader at status quo, while the 20x Solana (SOL) price prediction leaves the crypto whaleโs pockets slimmer by $1 million.
Entering Solanaโs (SOL) price roller-coaster at $152.62, the crypto whale witnessed a pullback to $146.29, erasing 89% of the initial capital. However, thereโs still a way to go for liquidation, which is set at $99.49. Indeed, Solana (SOL) stood in the triple-digit price range ever since the April 7, 2025 dip.
Further on, the upcoming second release of an Android-based Solana phone & the rising odds of a Solana exchange-traded fund (ETF) hitting this year could be the game-changer the Solana community longs for. Currently, SOL price stays in phased consolidation, moving up 1% since last week, CoinGecko says.
Meanwhile, Chainlink (LINK) is still 75% down from its $52.7 all-time high despite numerous partnerships inked this year, unleashing Chainlinkโs cross-chain abilities via the Chainlink’s Cross-Chain Interoperability Protocol (CCIP). The cross-chain protocol was recently adopted by another TOP 20 crypto Hedera Hashgraph (HBAR).
Following the news, LINKโs price hit $15, but couldnโt keep above the confluent resistance level for long, retracing to key support at $12.
On The Flipside
- Naturally, the crypto whaleโs massive winning streak of 29 leveraged crypto plays in a row doesnโt guarantee the same exquisite results in the future.
- Bitcoin & top altcoin prices are prone to drastic fluctuations due to geopolitical shenanigans, even though BTC is considered a hedge against USD.
Why This Matters
Timing the market is a challenging task for any crypto trader, while using double-digit leverage magnifies both potential losses & gains to desired levels. Picking out long-term altcoin gems in a swiftly-shifting market mostly relies on fundamentals like utility, whale interest & genuine adoption.
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People Also Ask:
This whale, known as Trader 0xb8b9, nailed 29 long trades in a month, banking $2.3M. Their big bets on $BTC, $ETH, $SOL, and $LINK are turning heads, but their perfect streakโs now shaky with unrealized losses.
Theyโre leveraging $BTC (40x), $ETH (25x), $SOL (20x), and $LINK (10x), likely chasing altcoin season hype where smaller coins can pop off. X posts suggest theyโre banking on market rallies, but high leverage is risky.
Not guaranteedโBitcoin often leads, but altcoins like ETH, SOL, & LINK can surge in altseason. Their current $1M+ loss shows even gurus bleed, so donโt FOMO in without checking market trends.
Super riskyโ40x leverage on BTC’s price means small price drops can wipe out gains fast. X traders warn this whaleโs position could tank if the market dips, so newbies should steer clear of YOLO-ing on high leverage.
Hold upโcryptoโs a wild ride, and even this guruโs down $1M right now. Do your research (DYOR), peep X for sentiment, and donโt bet the farm on any whaleโs play, no matter their big win streak.
