Bitcoin News Update: Major Whale Makes $55M BTC/ETH Move as Crypto ETFs See $62B Inflows Amid Market Rally
- A crypto whale's $55M BTC/ETH long position aligns with $62.34B in BTC ETF inflows, signaling institutional confidence amid mixed technical indicators. - Michael Saylor's Strategy (MSTR) added 397 BTC ($45.6M) to its 641k token portfolio, boosting holdings to $69B as Q3 net income hit $2.8B from unrealized gains. - BTC faces critical $110,163 breakout potential with $115,600-$118,000 resistance, while ETH risks short squeezes below $4,101 amid negative funding rates. - November's historical 42.5% BTC ave
A prominent crypto whale, recognized for accurately forecasting the market dip in October 2025, has opened a $55 million long position in
This whale's
Institutional involvement has grown, with spot BTC ETFs seeing $202.48 million in net inflows on October 28 alone,
Michael Saylor’s company, Strategy (MSTR), has become a significant force in this environment. The company acquired 397 BTC—valued at $45.6 million—at an average price of $114,771, raising its total holdings to 641,205 coins worth over $69 billion,
Technical analysis for Bitcoin points to important support and resistance zones. Coinpedia stated that a move above $110,433 could open the way to the $115,600–$118,000 range, while a dip below $109,208 might lead to a test of $107,696. For Ethereum, resistance is seen at $4,101 and $4,265, with a breakout above these levels expected to fuel further gains, Coinpedia added.
Analysts highlight that November has historically been a strong month for Bitcoin, with an average return of 42.5% since 2013, Coinpedia noted. However, the Altcoin Season Index at 32/100 and mixed RSI readings suggest that caution is still advisable, Coinpedia cautioned.
Strategy’s ongoing accumulation, together with institutional ETF inflows, underscores a broader trend of increasing corporate and institutional adoption of cryptocurrencies. Nevertheless, as the company’s leadership pointed out, the ultimate outcome of these long-term investments will depend on market conditions and Bitcoin’s price movement, The Currency Analytics observed.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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