More

    Bitcoin whale posts $50 million gain on BTC, ETH and SOL longs


    Key Takeaways

    • A trader known as BitcoinOG made a profit of $50 million from $845 million in crypto trades.
    • The assets involved include Bitcoin, Ethereum, and Solana; they are the largest by market capitalization.

    Share this article

    The pseudonymous trader known as ‘BitcoinOG,’ also called ‘1011short,’ who rose to prominence after a massive win during the October 2025 market crash, recorded nearly $50 million in unrealized profits within 24 hours from long bets on Bitcoin, Ethereum, and Solana.

    According to data tracked by Lookonchain, the iconic short seller has built $845 million of long exposure to the three leading crypto assets. The recent market rebound delivers quick returns on positions.

    Bitcoin rose about 5% to trade above $95,000 over the past 24 hours, as Ethereum climbed 7% to $3,300 and Solana added 5% to $146, per CoinGecko. The total crypto market capitalization reclaimed $3.3 trillion, up approximately 5% during this stretch.



    Source link

    Stay in the Loop

    Get the daily email from TokenNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

    Latest posts

    - Advertisement - spot_img

    You might also like...