Massive Cryptocurrency Portfolio Sees 10x Leverage Gains from Whales’ Bets

A substantial cryptocurrency portfolio exceeding $275 million has seen remarkable gains thanks to strategic long positions. This whale trader, known for their aggressive approach, leverages Bitcoin (BTC), Solana (SOL), and Ethereum (ETH) for a total of 10x leverage across these major cryptocurrencies. Despite a floating loss on the order of $1.67 million, the trader has reaped substantial profits from perpetual contracts totaling $13.3 million in unrealized gains. This bullish strategy showcases the significant influence whales can have within the cryptocurrency market.