Derivatives Market Sees Mixed Whale Bets

[ed]

Derivatives markets are heating up as crypto whales play both sides. One whale holding $250M across BTC and ETH flipped bullish with a 15x long on 1,610 BTC ($173M) and a 3x long on 19,894 ETH ($77.4M), narrowing previous losses to $3.1M.

Meanwhile, another trader opened a 10x short on 700 BTC ($75.5M), reflecting cautious sentiment despite earlier profits from the October 11 crash. Some investors are selectively bullish on altcoins like ENA, even while maintaining short positions on BTC and ETH, highlighting a nuanced trading approach.

#CryptoTrading #Altcoins #BTC #ETH #ENA #WhaleMoves

[Nahid10]

Whales appear divided, with leveraged longs and shorts balancing open interest across exchanges.

[EmTeam]

Mixed positioning usually signals indecision before a major volatility event in the market.