- Bitcoin whales are increasing their long positions as confidence grows despite market struggles.
- Analysts predict a possible bullish reversal after the upcoming CPI report.
Whale wallets are making notable moves in the crypto market, taking large long positions in Bitcoin and Ethereum despite recent price struggles. The activity suggests growing confidence among top investors, even as broader sentiment remains cautious.
Whales Double Down on BTC and ETH
Blockchain data from Lookonchain reveals that several major wallets have been actively increasing their long exposure. One address, 0x89AB, bought 80.47 BTC and opened a 6x long position on 133.86 BTC, while another, 0x3fce, boosted its Bitcoin long to nearly 460 BTC. Meanwhile, 0x8Ae4 deposited $4 million to go long on Bitcoin, Ethereum, and Solana, and 0xd8ef added $5.44 million to an Ethereum long position.
However, not all whales are optimistic. A long-time Bitcoin holder reportedly sold 5,252 BTC—worth about $588 million—across major exchanges and opened a short position of 2,100 BTC on Hyperliquid. Another whale, 0xB041, panic-sold 6,237 ETH at around $3,840 during the recent decline. These contrasting strategies show a clear divide in expectations for short-term market direction.
Traders Watch Inflation Data and Historical Patterns
Market analyst KillaXBT noted that previous U.S. Consumer Price Index (CPI) releases often coincided with local Bitcoin tops. Yet, with Bitcoin already in a pullback ahead of the next CPI report, KillaXBT believes much of the impact is already priced in. “I wouldn’t place any shorts here,” he advised, hinting at a potential bullish recovery once inflation data is released.
Things are about to get interesting. The last 3 CPI releases marked local tops, each preceded by a strong bullish narrative.
This time, however, we’re heading into the CPI with the market already pulling back. Pricing it in. I wouldn't place any shorts here. pic.twitter.com/kT60WmWGUd
— Killa (@KillaXBT) October 22, 2025
At the same time, analyst GalaxyBTC compared Ethereum’s current pattern to its Q4 2020 cycle. Back then, ETH experienced a two-month correction before a sharp V-shaped reversal. The same setup seems to be forming again, this time from the $4,900 level.
Back in Q4 2020 we had a 2 month correction from $490, and now we are having a 2 month correction from $4900.
After a ''V-shaped'' reversal.
Similarities are hard to ignore. pic.twitter.com/8cL5GPalyd
— Galaxy (@galaxyBTC) October 22, 2025
A Turning Point for the Crypto Market?
The combination of whale activity, macroeconomic anticipation, and repeating historical patterns suggests that Bitcoin and Ethereum may be approaching a decisive moment. While some whales hedge their bets, others appear to be positioning for a major upside — signaling that the next move in crypto could be closer than many expect.
ALSO READ:Why This Week Could Be the Perfect Time to Buy Ethereum
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