Key notes
- An anonymous crypto wallet has amassed more than $350 million in Bitcoin.
- A whale on Hyperliquid opened a long position worth $16.6 million worth of Bitcoin with 40x leverage.
- The analyst identifies $116,000 as a crucial mark for the leading cryptocurrency to breakout next.
Whales are bullish on Bitcoin (BTC) with several positive signs emerging on-chain and expert analysis despite the recent consolidation.
On-chain data shows that an anonymous crypto wallet collected 3,195 BTC from cryptocurrency exchange Kraken, and an unnamed address, which appears to be an OTC trader.
Pisces bc1qd3 has accumulated 3,195 $ Bitcoin($356.6 million) in the past three hours.https://t.co/huOxKK9ANP pic.twitter.com/H5nNUyumm3
– Loconchain (@loconchain) October 26, 2025
According to Lookonchain, the total amount of Bitcoin accumulated reached $356.6 million early on Sunday, October 26.
Some community members responded to Lookonchain
Another whale on Hyperliquid, a perpetual decentralized futures exchange, placed a $16.6 million long bet with 40x leverage on Bitcoin.
Whale opened 0xC50a with a length of 40x at 149 $ Bitcoin($16.6 million) and 10x length at 284,501 $ hype($12.5 million) during the past 12 hours.https://t.co/qh4hmDxN4G pic.twitter.com/pdEgDpoaEB
– Loconchain (@loconchain) October 26, 2025
The anonymous address also opened a 10x long position, worth $12.5 million, on the platform’s native token Hyperliquid (HYPE).
Will Bitcoin break the $115,000 barrier?
Bitcoin has posted consecutive gains over the past six months. However, this time, the asset is down 2.1% as it started the month at around $114,000.
With the latest whale bets on Bitcoin, the cryptocurrency community has started publishing positive X posts with bullish expectations.
Even a famous influencer “lucky” “The hype is real,” he replied.
The hype is real
– Lucky (@LLuciano_BTC) October 26, 2025
According to cryptocurrency analyst KillaXBT, Bitcoin’s current consolidation below $114,000 resembles a 2021 bull market.
Bitcoin continues to consolidate below the 114-116K level as it retests the weekly trend line, a setup similar to what we saw in the previous session.
Failure to break above 116K in the near term could trigger a similar pattern. pic.twitter.com/OYDTb0L1ao
– Killa (@KillaXBT) October 25, 2025
The analyst expects another correction if Bitcoin fails to break the $116,000 level in the “near term” due to the token’s historical patterns.
He also added, in response to a user who claimed the industry now has institutional interest, that the interest from BlackRock is not actually coming from institutions or whales, but from individual investors.
“All the ETF really did was make it easier for baby boomers to buy Bitcoin through their usual channels with BlackRock simply acting as custodian of those assets,” KillaXBT wrote.
If major whales trigger fear of loss from retail investors, coupled with favorable macro conditions, Bitcoin and the rest of the cryptocurrency market will likely continue to accumulate.
the next
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to provide accurate and timely information but should not be considered financial or investment advice. Since market conditions can change rapidly, we encourage you to verify the information yourself and consult with a professional before making any decisions based on this content.
Waheed has been analyzing and reporting on the latest trends in the decentralized ecosystem since 2019. He has over 4,000 articles to his name and his work has been featured in some of the leading outlets including Yahoo Finance, Investing.com, Cointelegraph, and Benzinga. Beyond the reports, Waheed likes to connect the dots between DeFi and macro in his On-chain Monk newsletter.
The post Whales Keep Buying and Betting on Bitcoin — $116K Next? first appeared on Investorempires.com.
