A prominent cryptocurrency whale, known for accurately predicting and profiting from the October crypto crash of 2025, has made a bold move back into the market, opening long positions worth $55 million in Bitcoin (BTC) and Ethereum (ETH). This development signals a potential shift in sentiment after a period of market turbulence.
The whale, identified by the crypto analytics platform Arkham, initiated these long positions on Monday, indicating a strong belief in the imminent recovery of both Bitcoin and Ethereum. This move is particularly noteworthy considering the investor's successful navigation of the October crash, where they reportedly made $200 million by capitalizing on the market downturn triggered by escalating US-China trade tensions.
The October crypto market crash saw Bitcoin plummet from approximately $126,000 to below $105,000, while Ethereum experienced a significant drop of around 11%. Many altcoins suffered even more drastic losses, with some falling as much as 40% within minutes. The overall crypto market witnessed a staggering $19 billion wipeout, largely attributed to panic selling fueled by the trade war fears and subsequent liquidation cascade.
The investor's renewed confidence coincides with signs of stabilization in the crypto market following the announcement of a US-China trade deal on October 30. The agreement, which suspends tariffs until 2026 and addresses concerns related to rare earth mineral export controls, has provided some reassurance to investors.
Despite the positive development, the Crypto Fear & Greed Index remains in "fear" territory, reflecting ongoing caution among investors. Bitcoin is currently trading near $107,000, with altcoins still struggling to recover from the October crash. This suggests that while the market may be showing signs of bottoming out, a full recovery is still underway.
The whale's $55 million investment in BTC and ETH long positions could be interpreted as a leading indicator of renewed institutional interest in the crypto market. Some analysts believe that the October 11 crash represented a market bottom, suggesting potential for future growth. This renewed buying interest is also reflected in the $55 million in BTC that was scooped up from Binance.
However, other factors, such as decreased institutional demand for Bitcoin and a risk-off attitude across the crypto market, suggest that caution is still warranted. The market is also closely watching for a large wave of Ethereum leaving Binance, which could signal a long-term holding mindset by institutional whales.
Overall, the crypto whale's strategic investment represents a noteworthy development in the ongoing narrative of the crypto market's recovery. While the market still faces uncertainties, this move may signal a turning point and a potential return to bullish sentiment.
