Key Notes
- An anonymous crypto wallet has accumulated over $350 million in Bitcoin.
- A whale on Hyperliquid opened a long $16.6 million BTC with 40x leverage.
- The analyst sets $116,000 as a crucial mark for the leading cryptocurrency to cross next.
Whales are bullish on Bitcoin (BTC) with several positive on-chain signals and expert analysis surfacing despite recent consolidation.
On-chain data shows that an anonymous crypto wallet has accumulated 3,195 BTC from cryptocurrency exchange Kraken and an untagged address, which appears to be that of an over-the-counter dealer.
The bc1qd3 whale has accumulated 3,195 $BTC($356.6 million) in the last 3 hours. pic.twitter.com/H5nNUyumm3
– Lookonchain (@lookonchain) October 26, 2025
According to Lookonchain, the total amount of accumulated Bitcoin reached $356.6 million early Sunday, October 26.
Some community members responded to Lookonchain’s X post with positive expectations such as “Whale knows something.”
Another whale on Hyperliquid, a decentralized and perpetual futures exchange, placed a $16.6 million long bet with 40x leverage on Bitcoin.
Whale 0xC50a opened a 40x long on 149 $BTC($16.6M) and a 10x long position on 284,501 $HYPE($12.5 million) in the last 12 hours. pic.twitter.com/pdEgDpoaEB
– Lookonchain (@lookonchain) October 26, 2025
The anonymous address also opened a 10x long position, worth $12.5 million, in the platform’s native Hyperliquid (HYPE) token.
Will Bitcoin surpass $115,000?
Bitcoin has recorded consecutive gains over the past six Octobers. This time, however, the asset is down 2.1% as it started this month around $114,000.
With the whales’ latest bets on Bitcoin, the crypto community has started posting positive messages with bullish expectations.
Even the famous influencer “Lucky” responded that “the hype is real.”
The hype is real
– Lucky (@LLuciano_BTC) October 26, 2025
According to crypto analyst KillaXBT, Bitcoin’s current consolidation below $114,000 is similar to the 2021 bull market.
BTC continues to consolidate below 114-116K as it retests the weekly trendline, a similar pattern to what we saw in the previous cycle.
Failure to breach the 116K mark in the near term could lead to a similar trend. pic.twitter.com/OYDTb0L1ao
-Killa (@KillaXBT) October 25, 2025
The analyst expects another correction if Bitcoin fails to cross the $116,000 mark in the “near term” due to the token’s historical trends.
He also added, in response to a user who claimed the industry now had institutional interest, that BlackRock’s interest actually came not from institutions or whales, but from retail investors.
“All the ETF really did was make it easier for boomers to purchase Bitcoin through their usual channels, with BlackRock simply acting as a custodian for these assets,” KillaXBT wrote.
If large whales spark fear of missing out among retail investors, coupled with favorable macroeconomic conditions, Bitcoin and the rest of the crypto market will likely continue to accumulate.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article is intended to provide accurate and current information, but should not be considered financial or investment advice. Because market conditions can change quickly, we encourage you to verify the information for yourself and consult a professional before making any decisions based on this content.
Wahid has been analyzing and reporting on the latest trends in the decentralized ecosystem since 2019. He has over 4,000 articles to his credit and his work has been featured in some of the leading media outlets including Yahoo Finance, Investing.com, Cointelegraph, and Benzinga. Besides reporting, Wahid likes to connect the dots between DeFi and macro in his newsletter, On-chain Monk.
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