Bitcoin News Today: Crypto Whale's $1.14B BTC Bet Signals Confidence in Post-Consolidation Rebound

A high-profile cryptocurrency whale known for an unbroken 100% win rate has escalated its Bitcoin (BTC) long position to $1.14 billion, signaling growing confidence in the digital asset's near-term trajectory. The trader, identified by on-chain analysts as wallet 0xc2a, has maintained a flawless record since October 14, leveraging aggressive strategies across BTC, Ethereum (ETH), and Solana (SOL) to amass over $30 million in unrealized profits, according to a Benzinga profile.

The whale's BTC position, now valued at $1.14 billion, includes a 13x leveraged long with an average entry price of $110,123.0, according to data from HyperInsight and Lookonchain in a a Bitget report. This follows a series of strategic additions to its BTC holdings, including limit orders placed in the $114,206–$114,527 range, the Benzinga profile noted. The position is supported by a liquidation threshold at $77,725, reflecting the trader's willingness to absorb significant downside risk.

The whale's ETH position has also expanded, with $196.3 million allocated to 40,044 ETH at an average entry of $3,929. Analysts note that reclaiming the $4,250 resistance level is critical for further upside, as highlighted by trader Posty in the Benzinga profile. Meanwhile, the whale's 10x leveraged SOL position—worth $1.9 million—has seen a $1.45 million unrealized loss, underscoring the volatility of altcoins in a still-fragile market, Bitget coverage added.

The trader's success has drawn attention for its potential to influence broader market sentiment. With $448.8 million in active positions, 0xc2a's actions are closely watched by smaller traders seeking cues on momentum shifts. "His 100% win rate and rapid profit accumulation highlight the power of disciplined leverage and timely execution," said a blockchain analyst at Arkham Intelligence in a Yahoo Finance article.

Market conditions have been turbulent, with geopolitical risks and leveraged trading cascades wiping out $217 million in crypto positions globally on October 29, according to a Bitget update. However, 0xc2a's continued accumulation suggests a belief in a post-consolidation rebound. Analysts like Ali Martinez have flagged $111,160 as a key BTC support level and $117,630 as resistance, aligning with the whale's positioning in the Benzinga profile.

The whale's strategy contrasts with some peers, who have begun taking profits. For example, wallet 0xb9fe, which took a 25x leveraged ETH long during the October 11 flash crash, has started setting take-profit orders, according to a BeInCrypto analysis. Still, the broader trend among whales remains bullish, with major players rotating capital into BTC and ETH as the Federal Reserve's rate-cut expectations loom, a TradingView note observed.