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Whales sell bitcoins and switch to these altcoins!

2026-09-02 18:13:47
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Bitcoin fell back after breaking through US$80,000, and the adjustment of whale positions attracted market attention.

After Bitcoin broke through the US$80,000 mark strongly, its price showed a correction and is currently hovering around US$78,000. In the cryptocurrency market, the movements of large investors have attracted much attention. While BTC prices continue to fluctuate, large transactions in whale wallets suggest that market risk appetite is being readjusted. In particular, the significant transfers in Bitcoin, HYPE, PONS and Ethereum have entered the eyes of investors. Changes in the positions of some major players may herald a new round of market activity.

Bitcoin Whale Turns from Short to Long

Large investor James Wynn made a significant position adjustment in Bitcoin based on data provided by the on-chain data analysis platform. Wynn closed a previously opened short position and took losses, changing expectations for the direction of the market, and subsequently opened a long position in BTC with 30 times leverage. This move was interpreted as the experienced investor seeing potential for Bitcoin to rise again, but the use of high leverage also indicates that the position carries significant risk. This move by the whale has become one of the dynamics that investors pay close attention to the short-term price trend of BTC.

PONS Whales leave the market at a loss, missing out on huge potential gains

Another large whale has attracted attention for its PONS trade. Data shows that the investor spent 181 ETH to purchase 7.99 million PONS about a month ago. However, after the token price fell, the whale decided to close its position and sold all the PONS tokens, causing a loss of approximately $308,000. Interestingly, if the investor had chosen to hold rather than sell, the value of his current holdings could have reached approximately $3.46 million. This situation suggests that in the highly volatile altcoin market, premature selling decisions can impose huge opportunity costs on investors.

HYPE buying action and giant whale movements

The mysterious address 0x6436 has also attracted attention due to its large transactions on HYPE. The whale bought 141,442 HYPEs, with an investment of approximately US$11.88 million. In addition, about five months ago, when HYPE prices were at $35, another large investor bought 488,599 HYPE units, and now it is the focus again. The whale has pledged all of its HYPE assets and its current position holds approximately $23.7 million in unrealized profits. Large-scale buying and pledge behavior has prompted investors to pay close attention to market expectations for HYPE's future price potential.

Mass selling of Ethereum whales

One of the largest transactions on the market occurred on the Ethereum side. An Ethereum whale sold 167,855 ETH units, completing a sell-off of approximately $408 million. Despite this, the whale still held 97,115 ETH in its hands. These actions by large investors are being closely watched by the market to determine the bitcoin price and the short-term trend of the altcoin market. Overall, the changes in Bitcoin whale positions and altcoin trading have sent a remarkable signal to the cryptocurrency market. Large transfers in BTC, HYPE, PONS and Ethereum are events that investors will pay close attention to for some time to come.

Evaluates

While the direction of Bitcoin is unclear, whale trading behavior on specific altcoins deserves attention. Especially active performance in projects such as HYPE may indicate that large investors have begun to redeploy in the altcoin market. If market conditions provide support, this situation could trigger a new round of gains in altcoins. In the future, the trend of Bitcoin, the movement of whales and the flow of funds into altcoins will play a decisive role in the overall development of the market.

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