Whale Already Holding Long Position Buys ETH, Price Spike?

TheNewsCryptoPublished on 2026-03-10Last updated on 2026-03-10

Abstract

A crypto whale has spent $21 million in USDT to purchase 10,158 ETH, while another whale withdrew 404.38 BTC from exchanges after a 9-month dormancy. These actions have sparked speculation about potential price increases. Both cryptocurrencies have shown recent gains, with BTC trading around $70,925 and ETH at $2,064. Technical indicators suggest a buy signal for BTC, while ETH shows mixed signals. Price projections are bullish: BTC may reach $78,840 in one month, and ETH is predicted to rise to $2,345.80 in 30 days and potentially $3,896.54 in three months. Investors are advised to conduct thorough research before investing.

A crypto whale has accumulated ETH by spending USDT. Another whale had earlier withdrawn BTC from platforms. Both actions have triggered speculation around the rise in their respective prices. This is further drawn from the current surge in BTC and ETH price along with a stronger projection for the next 3 months.

Whale Buys ETH, Withdraws BTC

A crypto whale reportedly spent USDT worth approximately $21 million to buy Ethereum tokens. The whale accumulated 10,158 ETH at an individual price of around $2,069, applicable at the time of the transaction.

According to Onchain Lens, the whale wallet now holds long positions in BTC and ETH for around $83.57 million. The leverage stands at 20x, and the holding carries a floating profit of over $3 million.

BTC comes into the picture also because another whale wallet, after 9 months of being asleep, withdrew 404.38 bitcoins. They were valued at approximately $27.65 million at the time of withdrawal, which was executed from Binance and OKX.

Both these activities have triggered speculation around the possible HODLing. Or, around the possible bull run in the days to come.

BTC and ETH Record Recovery

Both, BTC and ETH have made notable recoveries from recent lows. For starters, Bitcoin tokens are trading at $70,925.73, up by 4.30% over the last 24 hours. It briefly teased exchanging hands at $71k but fell short by a marginal distance.

Two major technicals, Oscillators and Moving Averages, are signalling a sentiment to buy the flagship token.

Ethereum tokens are trading at $2,064.40, up by 3.105 in 24 hours. The second-ranked cryptocurrency in terms of the market cap also teased breaching the $2.1k mark before falling short by a small margin.

Oscillators are signaling a sentiment to buy the token, but Moving Averages are highlighting neutral sentiments for Ether. Needless to say, the wisest decision is to do thorough research and risk assessment before crypto investments.

Price Projection

Price projections for BTC and ETH are bullish. Bitcoin tokens are estimated to reach $78,840 in 1 month. This would be a jump of around 10.74% from the current value, amid the volatility of 2.52%. BTC price prediction for the next 3 months underlines the possibility for price correction as it can retrace to $74,907.

The situation for Ethereum tokens is slightly different. ETH price prediction shows a progressive upward trajectory to $3,896.54 in the next 3 months. It could first record a 14.44% surge to $2,345.80 in the next 30 days.

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Related Questions

QWhat specific cryptocurrency did the whale buy with USDT, and how much was spent?

AThe whale bought Ethereum (ETH) with USDT, spending approximately $21 million to acquire 10,158 ETH at a price of around $2,069 per token.

QWhat significant action did another whale take regarding Bitcoin after a long period of inactivity?

AAnother whale, after being inactive for 9 months, withdrew 404.38 Bitcoins (BTC) from Binance and OKX, valued at approximately $27.65 million at the time of withdrawal.

QWhat is the current trading price and 24-hour performance of Bitcoin and Ethereum mentioned in the article?

ABitcoin is trading at $70,925.73, up 4.30% in the last 24 hours. Ethereum is trading at $2,064.40, up 3.105% in the same period.

QWhat are the price projections for Bitcoin and Ethereum over the next 3 months according to the article?

ABitcoin is projected to reach $78,840 in 1 month but may correct to $74,907 in 3 months. Ethereum is projected to rise to $2,345.80 in 1 month and reach $3,896.54 in 3 months.

QWhat is the leverage and floating profit of the whale's current holdings in BTC and ETH?

AThe whale's wallet holds long positions in BTC and ETH with a leverage of 20x, totaling around $83.57 million, and has a floating profit of over $3 million.

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