Kit bets $748 million on the rise of Bitcoin, Ethereum, and Solana - ForkLog: cryptocurrencies, AI, singularity, future

# Bitcoin whale bets $748 million on the rise of Bitcoin, Ethereum, and Solana

An investor with assets worth $11 billion has opened long positions on the three leading cryptocurrencies, according to Lookonchain. In October, this player accurately predicted the market crash.

BREAKING!

The #BitcoinOG(1011short) with a massive $749M long position in $BTC, $ETH, and $SOL, just deposited 112,894 $ETH($332M) into #Binance again.https://t.co/rM9dXV3Ln4https://t.co/Fsi6okD47f pic.twitter.com/qVlZ4c6Htx

— Lookonchain (@lookonchain) December 30, 2025

The total amount of longs is estimated at $749 million. The largest position is in Ethereum — $598 million at a price of around $3147. The liquidation level is at $2143.

For the rise of Bitcoin to $91 506, the whale bet $87.2 million, and for Solana rallying to $130.1 — $63.2 million.

The unrealized loss for the investor is about $49 million.

Analysts first noticed this participant in August when he sold Bitcoin for $2.59 billion and bought $2.2 billion worth of spot Ethereum. Then, the whale opened a long position on the largest altcoin, betting on its growth of $577 million.

A few days before the market crash on October 10-11, the player opened a series of short positions on the two main cryptocurrencies.

This #BitcoinOG keeps adding to his shorts on $BTC and $ETH — his total positions have now exceeded $1.1B.

10x short on 6,189 $BTC($752.9M)
Liquidation price: $130,810

12x short on 81,203 $ETH($353.1M)
Liquidation price: $4,589.3https://t.co/xDbaCvSrQ3 pic.twitter.com/YLwoc9Bbi1

— Lookonchain (@lookonchain) October 10, 2025

Accumulation

Other major players are also buying the second-largest cryptocurrency by market cap. According to an analyst with the nickname Milk Road, Ethereum holders have increased their balances by 120,000 ETH ($350 million) since December 26.

Since Dec 26, large Ethereum holders have added 120,000 ETH ($350M).

Addresses holding 1,000+ ETH now control roughly 70% of supply, a share that has been rising since late 2024.

If this behavior continues, the market may not fully be pricing in where the smart money expects… https://t.co/JBjtv1EbTD pic.twitter.com/iENEybMPSu

— Milk Road (@MilkRoad) December 29, 2025

“Addresses holding more than 1000 ETH now control about 70% of the supply, and this share has been increasing since late 2024,” noted the expert.

According to Nansen, over the past week, whales accelerated their acquisitions of altcoins by more than 50%. A total of 19 wallets bought coins worth $7.43 million.

Gareth Jin, the former CEO of the now-defunct BitForex exchange, believes that Bitcoin and Ethereum will soon receive a huge influx of capital. He linked this to the end of the rally in the precious metals market.

The short squeeze in metals is over as expected. Capital is beginning to flow into crypto. https://t.co/ipZj0QmNSX

— Garrett (@GarrettBullish) December 30, 2025

“The short squeeze in the metals sector has ended as expected. Capital is starting to flow into cryptocurrencies,” he wrote.

Meanwhile, the most profitable traders on Hyperliquid continue to bet on the decline of the two largest digital assets. The total open short volume for Ethereum is estimated by Nansen analysts at $121 million, and for Bitcoin — $192 million.

According to CoinGecko, at the time of writing, digital gold is trading around $87 900, and the leading altcoin — close to $2900 .

Recall that in December, the volume of leveraged positions increased by $2.4 billion, despite a 40% decrease in trading activity.