Kit bets $748 million on the rise of Bitcoin, Ethereum, and Solana

An investor with assets totaling $11 billion has opened long positions on the three leading cryptocurrencies, according to Lookonchain. In October, this player accurately predicted a market crash.

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Kit bets $748 million on the rise of Bitcoin, Ethereum, and Solana
Dec 30, 2025, 17:00 GMT+2 Reading time: 2 minutes

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An investor with assets totaling $11 billion has opened long positions on the three leading cryptocurrencies, according to Lookonchain. In October, this player accurately predicted a market crash.

The total amount of longs is estimated at $749 million. The largest position is in Ethereum — $598 million at a price of around $3147. The liquidation level is at $2143.

For the rise of Bitcoin to $91 506, the whale placed $87.2 million, and for Solana rallying to $130.1 — $63.2 million.

The unrealized loss of the investor is about $49 million.

Analysts first noticed this participant in August when he sold Bitcoin for $2.59 billion and bought Ethereum spot worth $2.2 billion. Then, the whale opened a long position on the largest altcoin, betting on its growth with $577 million.

A few days before the market crash on October 10-11, the player opened a series of short positions on the two main cryptocurrencies.
Other major players are also accumulating the second-largest cryptocurrency by market cap. According to an analyst with the nickname Milk Road, since December 26, Ethereum holders have increased their balances by 120,000 ETH ($350 million).
“Addresses holding more than 1000 ETH now control about 70% of the supply, and this share has been growing since the end of 2024,” the expert noted.

According to Nansen, over the past week, whales accelerated their acquisitions of the altcoin by more than one and a half times. A total of 19 wallets bought coins worth $7.43 million.

Garett Jin, the former CEO of the now-defunct BitForex exchange, believes that Bitcoin and Ethereum will soon receive a huge influx of capital. He linked this to the end of the rally in the precious metals market.
“The short-squeeze in the metals sector has ended, as expected. Capital is starting to flow into cryptocurrencies,” he wrote.

Meanwhile, the most profitable traders on Hyperliquid continue to bet on the decline of the two largest digital assets. The total open short volume for Ethereum is estimated by Nansen analysts at $121 million, and for Bitcoin — $192 million.

According to CoinGecko, at the time of writing, digital gold is trading around $87 900, and the leading altcoin is close to $2900.

Recall that in December, the volume of margin positions increased by $2.4 billion, despite a 40% decrease in trading activity.