Bitcoin is on the brink of recording its first red October after six years of consecutive gains unless it breaks the $115,000 mark.
By Wahid Pessarlay
Editor Kirsten Thijssen
Updated
2 mins read
Whales are bullish on Bitcoin (BTC) with multiple positive on-chain signals and expert analysis surfacing despite recent consolidation.
On-chain data shows that an anonymous crypto wallet accumulated 3,195 BTC from the Kraken cryptocurrency exchange, and an unlabeled address, which seems to be an over-the-counter dealer.
Whale bc1qd3 has accumulated 3,195 $BTC($356.6M) in the past 3 hours.https://t.co/huOxKK9ANP pic.twitter.com/H5nNUyumm3
— Lookonchain (@lookonchain) October 26, 2025
According to Lookonchain, the total amount of the accumulated Bitcoin reached $356.6 million early on Sunday, Oct. 26.
Some community members responded to Lookonchain’s X post with positive expectations like “Whale knows something.”
Another whale on Hyperliquid, a decentralized perpetual futures exchange, put a $16.6 million long bet with 40x leverage on Bitcoin.
Whale 0xC50a opened a 40x long on 149 $BTC($16.6M) and a 10x long on 284,501 $HYPE($12.5M) over the past 12 hours.https://t.co/qh4hmDxN4G pic.twitter.com/pdEgDpoaEB
— Lookonchain (@lookonchain) October 26, 2025
The anonymous address also opened a 10x long position, worth $12.5 million, on the platform’s native token Hyperliquid (HYPE).
Bitcoin recorded consecutive gains over the past six Octobers. This time, however, the asset is down by 2.1% as it started this month around the $114,000 mark.
With the latest whale bets on Bitcoin, the crypto community has started to publish positive X posts with bullish expectations.
Even the famous influencer “Lucky” replied that the “hype is real.”
HyPe is real
— Lucky (@LLuciano_BTC) October 26, 2025
According to crypto analyst KillaXBT, the current Bitcoin consolidation below $114,000 is similar to the 2021 bull market.
BTC keeps consolidating below 114–116K because it’s retesting the weekly trend line, a similar setup to what we saw in the previous cycle.
Failure to break above 116K in the near term could lead to a similar pattern unfolding. pic.twitter.com/OYDTb0L1ao
— Killa (@KillaXBT) October 25, 2025
The analyst expects another correction if Bitcoin fails to break the $116,000 mark in the “near term” due to the token’s historical patterns.
He also added, in a response to a user who claimed that the industry has institutional interest now, that the interest from BlackRock doesn’t actually come from institutions or whales, but retail investors.
“All the ETF really did was make it easier for boomers to buy Bitcoin through their usual channels with BlackRock simply acting as the custodian of those assets,” KillaXBT wrote.
If major whales trigger the fear of missing out among retail investors, coupled with favorable macro conditions, Bitcoin, and the rest of the crypto market, will likely continue to accumulate.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Wahid 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 on some of the leading outlets including Yahoo Finance, Investing.com, Cointelegraph, and Benzinga. Other than reporting, Wahid likes to connect the dots between DeFi and macro on his newsletter, On-chain Monk.
