The U.S. Federal Reserve’s latest policy stance might have rattled traditional markets, but crypto whales are showing no fear. Large investors are taking bold long positions on Bitcoin and Ethereum, suggesting confidence in a market rebound despite hawkish signals from the Fed.
Federal Reserve Keeps Markets on Edge
During the October 30 press conference, Federal Reserve Chair Jerome Powell maintained a cautious tone about monetary easing. While many traders had hoped for signs of a December rate cut, Powell made it clear that such a move “is far from a foregone conclusion.”
The comments immediately sent risk assets lower. Bitcoin (BTC) fell nearly 1.8%, retreating toward the $110,000 level, while Ethereum (ETH) dropped 2%, hovering near $3,945. The move mirrored broader sentiment across global markets, as investors recalibrated expectations for the next phase of U.S. monetary policy.
Despite the dip, data shows that some of the most experienced crypto traders—often called whales—used the pullback as an opportunity to accumulate and open leveraged long positions.
Whales Accumulate During the Dip
On-chain data from blockchain analytics firm Lookonchain revealed several massive trades executed shortly after Powell’s remarks. These transactions occurred primarily on the Hyperliquid exchange, a derivatives platform that allows high-leverage crypto positions.
One wallet, identified as 0x9553, opened a striking 40x long position on 179.59 BTC, valued at around $19.94 million. The trader entered at an average price of $110,590 per Bitcoin. Despite the short-term volatility, the position was already showing a profit of roughly $79,826, with a liquidation level set at $106,070.
Another notable whale trade came from address 0x6988, which allocated 1.95 million USDC to take a 25x leveraged position on 4,743 ETH, worth approximately $18.71 million. The entry point was $3,928 per ETH, and the position recorded an unrealized gain of about $76,670 within hours. According to Lookonchain, the liquidation threshold sits at $3,591, leaving some room for price fluctuation before risk levels increase.
A third whale, using the address 0xd260, entered the market with a 40x long position on 62 BTC, totaling $6.88 million in exposure. This trader’s entry price was $110,819, and they had already gained around $12,551. The liquidation level for this position stood at $94,944, suggesting strong conviction in near-term upside potential.
High Win Rates Among Experienced Traders
Lookonchain’s report added more color to whale behavior, noting that the trader behind address 0xd260 has a history of high success in leveraged trades. The account has completed 43 trades on Hyperliquid with an 83.72% win rate, accumulating over $2.6 million in total profits. Such consistent performance highlights that large traders may be strategically using volatility to enhance their returns rather than avoid it.
This aggressive buying activity, even after the Fed’s hawkish comments, underscores the resilience of crypto market sentiment. Many whales appear to be treating dips as opportunities rather than warnings.
Bitcoin and Ethereum Show Underlying Strength
While both BTC and ETH have faced resistance following their October highs, several on-chain indicators still paint a constructive picture. Exchange reserve data shows that the amount of Bitcoin held on centralized exchanges has continued to decline, suggesting that long-term holders are withdrawing coins for safekeeping.
Similarly, Ethereum’s on-chain metrics show steady accumulation among long-term holders, even as short-term traders take profits. The ETH supply held by top wallets has increased, indicating renewed confidence in the asset’s medium-term outlook.
Institutional activity has also remained strong, with steady inflows into Bitcoin-related products despite the temporary volatility. Analysts argue that this reflects a shift in market psychology—from short-term speculation to long-term positioning.
Hawkish Fed, Bullish Whales
The Fed’s hawkish stance has historically created mixed effects for crypto. While higher interest rates often limit liquidity and dampen speculative behavior, they can also reinforce Bitcoin’s appeal as a hedge against traditional market risks. In this case, whales seem to be betting that Bitcoin and Ethereum will remain resilient as investors adjust to a slower rate-cut cycle.
Market strategists note that the whales’ timing may align with potential macro tailwinds. If the Fed holds rates steady for the rest of the year and inflation continues to ease, risk assets like Bitcoin could benefit from renewed investor confidence heading into 2026.
What’s Next for the Crypto Market?
For now, both Bitcoin and Ethereum remain in consolidation zones, with BTC attempting to hold support above $110,000 and ETH hovering near $3,900. A sustained move above these levels could signal that whales’ optimism is justified.
Analysts are watching whether whale accumulation will continue into November. If leveraged long positions remain profitable, retail traders may follow, potentially amplifying the next leg of the crypto market rally.
As it stands, the message from whales is clear: short-term dips are being viewed as entry points, not exit signals. Despite the Fed’s cautious tone, Bitcoin and Ethereum investors with deep pockets seem convinced that the next bullish wave could be on the horizon.
Post Views: 74
