Bitcoin Updates: Major Whale Makes Bold Long Position Despite Market Uncertainty After Liquidations

A whale known by the address 0x960 has opened substantial long positions in

(BTC) and (ETH), with the total notional value surpassing $37 million. On-chain data shared by reveals that the whale entered a 15x leveraged trade at an average price of $4,248, totaling $15.56 million, and at the same time raised the leverage on its position from 10x to 15x, bringing total exposure to $21.46 million. The liquidation prices for these trades are $10,500 for ETH and $3,705 for BTC, highlighting the whale’s aggressive, high-risk approach.

This move comes as the broader crypto market sends mixed signals. On October 23, spot Bitcoin ETFs saw $90.60 million in net inflows, with Fidelity (FBTC) and

(IBIT) leading, according to a . Meanwhile, Ethereum ETFs experienced $93.60 million in outflows, reflecting a split in investor sentiment between the two top cryptocurrencies. As of October 23, Bitcoin was priced at $111,382 and Ethereum at $3,932, both posting slight gains over the previous 24 hours.

The whale’s current bullish bets stand in contrast to recent market upheaval. In late October 2025, a $19 billion liquidation wave—sparked by renewed US-China trade disputes and intensified by whale-led shorting—drove Bitcoin’s price down from $125,000 to $104,000, as reported by an

. During that episode, a single whale earned $200 million by shorting BTC and ETH, illustrating how vulnerable the market is to large players. The whale’s recent pivot to long positions may signal a shift in risk tolerance, especially as the US government shutdown stretches into its 25th day, with 79% of traders predicting it will last until November 5.

The 0x960 whale’s tactics are further complicated by recent events. Just 12 hours before opening its long trades, the address’s BTC short was liquidated by a stop-loss, according to LookOnChain. Other whales are seeing mixed results: one has an unrealized profit of $8.09 million on a 13x leveraged BTC long, while another is facing a $5.52 million loss on a BTC short. These varied outcomes highlight the crypto market’s volatility and the high-risk stakes of leveraged trading.

Analysts point out that the whale’s moves could impact price trends. Should Bitcoin surpass $118,000, major CEXs could see $945 million in short positions liquidated, while a drop below $113,000 could trigger $964 million in long liquidations, based on LookOnChain data. The 0x960 whale’s positions, with liquidation points well below current prices, suggest strong confidence in continued price growth, though the high leverage means losses could be severe if the market turns.