Whale Makes $98M Bet on BTC and ETH, Sparking Buzz

One crypto whale is in the news again as he bought back into the market with a new large $98 million position in Bitcoin and Ethereum. On August 7, 2025, the whale, called @AguilaTrades, invested 4.6 million USDC and bet on Bitcoin and ETH.

This reversal was as a result of a substantial loss experienced earlier in the month of August, when the positions held by the whale were liquidated that led to a loss of around $40M. Nevertheless, the new BTC and ETH investments show that @AguilaTrades believes in the short-term upside of the two major crypto assets.

Whale Opens $98M Leveraged Positions in BTC and ETH

August 7, 2025 @AguilaTrades did a move where he deposited USDC $4.6M to Hyperliquid decentralized exchange. Then the whale leveraged long positions on Bitcoin and Ethereum.

The Bitcoin position was 40x long representing 530.75 BTC opened at 114,856.1. At the same time, the known whale got a long position on Ethereum with 10,000 Ethereums at the opening cost of 3,706 dollars. Such high-geared positions will help increase potential gains and losses, as the whale believes in the power of BTC and ETH.

Source: X

This trade was one a calculated move in response to a big loss. The Titans gaints experienced a total liquidation of the previous positions in the market via volatility on August 1, 2025, that resulted in the loss of about $40 million.

Still, even after the loss, the Titans gaints has moved to the market with an even bigger total position, which demonstrated a big commitment to Bitcoin and ETH.

The fact that the Titans gaints uses 40x leverage on Bitcoin and 25x leverage on Ethereum also implied that the Titans gaints will experience massive changes in its positions even with small price changes.

A minor rise in the price of BTC and ETH might end up in massive profits, and a decrease in it may pose substantial losses. Markedly, this speculation by the Giants was that both BTC and ETH will experience good short-term appreciation.

Ethereum Whale Accumulates $544M in Ethereum

In addition to AguilaTrades’ return to the market, there has been a notable accumulation of Ethereum by another major Titans gaints. In the last seven days, one investor has bought almost 147,590 Ethereums , which is around 544 million dollars.

These have been done both on centralized exchanges (CEXes) and on over-the-counter (OTC) transactions, indicating a plan to avoid large impact on the price. Such a high concentration can be a manifestation of prolonged bullish confidence and possible Ethereum price rally.

Source: X

The repeatedly recorded purchases of 12,000-19,000 Ethereums at a time, and the overall large-volume transfers of Altcoin, suggested a strategic buying pattern.

BTC and ETH Price Action

With the Titans gaints @AguilaTrades making such a sizeable bet on BTC and ETH, both crypto are approaching crucial price points. In the case of Bitcoin price, the crypto is now trading at just above the $116,000 price point, and this might prove to be a key support for the asset.

Provided Bitcoin sustains this level and carries on with its upward trend, it can focus on higher price levels, and in the short-term, it can go as high as $120,000.

Ethereum is also performing well, and positions of the Titans gaints have been opened near the mark of $3,706. Ethereums price might surge as high as the $4,000 level as long as it sustains this level and overcomes key resistance points.