There’s a strange calm in the market today, the kind that makes you feel like nothing’s happening… and then you zoom out and realize whales are moving size underneath the surface. Today’s Bitcoin whale activity is especially telling because whales are doing what they usually do before a bigger move: staying net-short overall… but closing risk where it matters most. On the surface, the market still looks bearish. Shorts still dominate. Profits are still skewed toward shorts. But today’s whale transactions show something more nuanced:
Bitcoin whales are closing shorts around $89K
Ethereum whales are closing longs near $2.9K
Retail is still heavily long-biased
In other words: the market is still bearish, but whales are starting to reposition and that’s the kind of environment where the next move catches retail off guard.
Crypto Whale Positions Summary
| Metric | Value |
|---|---|
| Total Position | $6.04B |
| Long Position | $2.85B (47.25%) |
| Short Position | $3.18B (52.75%) |
Quick read: Whales are still net-short. Downside risk remains very real, but this doesn’t look like panic — it looks like controlled positioning.
This kind of split usually means whales are comfortable staying bearish until a key level breaks… or until they see liquidity to reverse into longs.
Margin Summary
| Metric | Value |
|---|---|
| Total Margin | $682.99M |
| Long Margin | $386.05M (56.52%) |
| Short Margin | $296.94M (43.48%) |
Quick read: Margin is leaning long even though positions are net-short.
That matters because it tells you something subtle:
whales might be short-heavy, but they’re still keeping long exposure loaded in case the market flips.
This is classic “hedged whale behavior” — bearish positioning, but still ready to flip bullish fast.
Profit & Loss Summary
| Metric | Value |
|---|---|
| Total PnL | $95.92M |
| Long PnL | -$267.87M |
| Short PnL | +$363.79M |
This is the loudest signal of the day.
Whales can be long-biased in margin all they want — but short positions are still making the money.
Translation:
- Bearish trades have been cleaner
- Rallies have been weaker
- Sellers have been rewarded more than dip buyers
So if you’ve been feeling like every bounce gets sold into… today’s numbers confirm it.
Latest Whale Activity
| Address | Symbol | Activity | Position | Price | Time |
|---|---|---|---|---|---|
| 0xa3371d8…cf4d3 | BTC | Close Short | $18.58M | $89,193.4 | 14:05 |
| 0x94d3735…33814 | ETH | Close Long | $261.49M | $2,943.74 | 12:37 |
Two huge signals. Two very different emotions.
1. Bitcoin whale closed a short near $89K
This is one of those whale transactions that looks small on paper… but is massive in meaning.
Closing a $18M short near support usually means:
- the easy downside is done (for now)
- the risk of a bounce is increasing
- whales don’t want to stay exposed if BTC suddenly snaps upward
And most importantly:
Bitcoin whale activity like this often marks “support defense zones” Not guaranteed reversal, but the area is being respected. So if $89K–$90K holds, the short squeeze probability rises quickly.
2. ETH whale closed a $261M long near $2.9K
This is the heavier signal of today. Closing a long of this size isn’t noise – it’s a clear risk move.
It suggests one of these:
- whales are reducing exposure because ETH is weak
- whales booked profits earlier and don’t want to ride volatility
- whales want dry powder to re-enter lower
Either way, it removes bullish pressure from ETH. That’s important because ETH usually acts as the “risk-on engine” for altcoins. If ETH is bleeding, alt rallies tend to be weaker and more chaotic.
Whale Long/Short Trader Ratio
| Metric | Value |
|---|---|
| Long Traders | 37,183 |
| Short Traders | 16,927 |
| Long/Short Ratio | 2.1967 |
Top 5 Whale Trades – Size & Direction
| User | Symbol | Side | Position | Quantity |
|---|---|---|---|---|
| 0xb317..ae | ETH | Long | $654.87M | 223.34K ETH |
| 0x9eec..ab | ETH | Long | $167.60M | 57.16K ETH |
| 0xd835..d7 | BTC | Short | $149.66M | 1.67K BTC |
| 0xd475..91 | ETH | Short | $131.65M | 44.89K ETH |
| 0x7fda..d1 | ETH | Short | $111.28M | 37.94K ETH |
Headline: ETH is still the whale battlefield. Even today with net short bias across whales the heaviest exposure is still concentrated in ETH.
That means ETH is the volatility switch: If ETH rebounds, the market flips risk-on quickly, if ETH continues to weaken, it drags sentiment down hard
Top 5 Whale Positions – PnL & Leverage
| User | PnL ($/%) | Entry Price | Liq. Price | Leverage | Margin |
|---|---|---|---|---|---|
| 0xb317..ae | -$51.29M / -7.83% | $3,161.85 | $2,263 | 5× Cross | $130.97M |
| 0x9eec..ab | -$14.76M / -8.81% | $3,190.28 | $2,688 | 15× Cross | $11.17M |
| 0xd835..d7 | +$2.91M / +1.95% | $91,038 | $92,788 | 40× Cross | $3.74M |
| 0xd475..91 | +$13.64M / +10.36% | $3,236.43 | $3,819 | 15× Cross | $8.77M |
| 0x7fda..d1 | +$6.62M / +5.95% | $3,106.95 | $3,813 | 15× Cross | $7.41M |
What stands out today?
- ETH longs are deep underwater
- BTC short is profitable
- ETH shorts are printing
- Retail is crowded long
- Bitcoin whale closed short near support
This is exactly why markets feel “confusing” right now. Because whales aren’t bullish or bearish — they’re positioned for volatility.
What this means for Long vs Short sentiment today
Whales are telling us a layered story again:
Layer 1: Net short bias remains dominant
Shorts = 52.75%
Longs = 47.25%
Layer 2: Long margin still dominates
Long margin = 56.52%
Layer 3: Shorts are still paying
Short PnL = +$363.79M
Long PnL = -$267.87M
Translation: bearish trades still win.
But the Bitcoin whale closing shorts at $89K hints the downside is slowing.
Crypto Coins to Watch Today
1. Bitcoin (BTC)
Bitcoin whale activity is the headline today. A whale closing a short at ~$89K isn’t random — it suggests BTC is at a zone whales respect.
Bullish angle: BTC holds $89K–$90K → squeeze potential builds
Bearish angle: BTC loses this zone → whales may re-add shorts aggressively
2. Ethereum (ETH)
ETH remains the heavy magnet for whale positioning.
But today’s major move — closing a $261M long — reduces bullish pressure in ETH.
ETH needs strength above $3K to regain momentum. If it fails, ETH weakness can keep the market heavy.
3. Stablecoin Liquidity (USDC Burn Event)
Whale Alert posted: ‘50,000,000 USDC burned at USDC Treasury today‘
This matters more than people think.
Stablecoin burns often signal:
- redemption activity
- reduced on-chain liquidity temporarily
- and a tighter liquidity environment during risk-off conditions
It’s not a direct “bullish/bearish” flag — but it tells you capital movement is happening behind the scenes.
Impact on Top Crypto Prices
BTC Outlook
Bitcoin whales closing shorts near support is a stabilizing signal. But overall whale exposure remains net-short → volatility is still high. Expect the classic pattern:
- sharp wicks
- retail stops hunted
- then the trend reveals itself
ETH Outlook
ETH has the highest whale exposure today – but longs are bleeding and the ETH whale closing a massive long suggests:
- risk appetite is still fragile
- ETH may stay weak until buyers take back control above $3K
Market Mood
This market still has:
- shorts making profits
- retail leaning long
- whales reducing risk selectively
Conclusion: Navigating Today’s Whale Tape
Zooming out, today’s whale transactions tell a clear story:
- whales remain net-short overall
- shorts are still dominating profits
- Bitcoin whale closed a short near $89K (support defense signal)
- ETH whale closed a massive long near $2.9K (risk reduction)
- retail remains heavily long biased
So the smartest approach today is still:
- Respect volatility
- Avoid chasing pumps
- Trade confirmation, not hope
- Follow Bitcoin whale activity closely
If BTC holds support and whales stop pressing shorts — upside can come fast.
But if BTC breaks down and whales rebuild short exposure — the market can turn ugly again.
FAQ’s
A Bitcoin whale is an individual, institution, exchange, or wallet address holding a very large amount of BTC. Because whales control huge capital, their buying and selling can move price, trigger volatility, and influence overall market sentiment.
Bitcoin whale activity refers to large BTC transactions made by whale wallets — such as opening longs, closing shorts, transferring funds to exchanges, or moving BTC into cold wallets. Traders track these moves to estimate whether whales are bullish, bearish, or hedging.
Crypto whale transactions can move prices fast because whales trade large amounts that impact liquidity and supply. Deposits to exchanges often signal selling pressure (bearish), while withdrawals suggest accumulation (bullish). These moves can also trigger liquidations and shift market sentiment quickly.
