On January 13, on-chain analytics revealed significant whale activity between 10 AM and 8 PM, as major players took aggressive and opposing positions in Bitcoin, signaling a deepening split in market sentiment.
Bullish Bets Return with Leverage
Several high-conviction whales re-entered BTC with strong long positions. One known entity deployed 20x leverage to accumulate over 310 BTC, indicating strong confidence in a price rebound. Another strategy-linked address increased its long exposure by $14.8 million, bringing its total BTC holdings to $26.3 million—highlighting sustained institutional-grade optimism.
Notably, a previously active SOL-focused trader closed its long position, pocketing $700,000 in profits, suggesting capital rotation toward core assets like BTC.
Bearish Forces Build in Parallel
- A major anonymous player initiated a $140 million short position across BTC, ETH, and SOL using 20x leverage, reflecting concerns about overextension.
- Meanwhile, a seasoned swing trader reduced bearish exposure on BTC and PUMP, pivoting to long ZEC—indicating shifting momentum across altcoins.
The divergent moves underscore a market at a crossroads. With both bulls and bears deploying capital aggressively, heightened volatility in the near term appears inevitable.