3 Major Crypto Assets Price Predictions: Whales Hold on to BTC, ETH, SOL Long Positions, New Wave of Pumping is Brewing

Bitcoin (BTC) price has rebounded, currently reported above 119,000 USD during the Asian session today (28), with Ethereum (ETH) and Solana (SOL) also following suit with gains. A well-known Whale maintains long positions in these three major Tokens, and the market is expected to welcome a new wave of bullish momentum.

Top traders hold large positions in ETH, SOL, and BTC

Despite the severe volatility leading to losses for many investors, the renowned trader TheWhiteWhaleHL still maintains his long positions.

According to Lookonchain data, TheWhiteWhaleHL currently holds:

48,405 ETH (worth approximately 181 million dollars);

810,717 SOL (worth $152 million);

223 BTC (worth 26 million USD).

(Source: X, Lookonchain)

The trader's total unrealized profit amounts to 33 million dollars, demonstrating complete confidence even in the midst of market turbulence.

The actions of TheWhiteWhaleHL reflect the willingness of some investors to hold on amidst uncertainty, hoping for a price rebound.

Bitcoin and stablecoins may support the US dollar

In another development, Solana co-founder Anatoly Yakovenko shared his views on the current arguments surrounding Bitcoin and stablecoins.

He believes that Bitcoin and stablecoins will not undermine the US dollar; on the contrary, they can support the dollar.

He believes that the volatility of Bitcoin is too high and is not suitable for daily transactions, but stablecoins (often backed by the U.S. Treasury) open up the possibility for broader use.

Yakovenko explained that the demand for stablecoins has triggered a demand for U.S. government bonds, thereby supporting the strength of the dollar.

Yakovenko's remarks contradict the view that cryptocurrencies harm traditional finance. On the contrary, Yakovenko believes that digital assets such as Bitcoin and stablecoins can now coexist with the US dollar in the global economy.

Hunter Horsley's observation reinforces this point: following the enactment of the GENIUS Act, most e-commerce, banking, and payment companies will integrate stablecoins within 24 months, similar to the trend of mobile application development after the launch of the iPhone.

As enterprises increase their holdings, Ethereum ETF inflows exceed Bitcoin

Institutional investors' interest in the ETF market is also evident. Analyst sassal0x stated that last week, Ethereum ETF saw a net inflow of $1.8 billion, far exceeding Bitcoin's $71 million.

The company with the largest ETH holdings, Sharplink Gaming, has made a big move. On-chain records show that it just received 145 million USDC from Circle and sent it to Galaxy Digital to continue purchasing Ethereum.

When REX-Osprey included Solana's largest liquid staking token JitoSOL in its ETF product, Solana also drew attention. This marks the first appearance of liquid staking assets in a cryptocurrency ETF listed in the United States, demonstrating recognition of this product line.

At the same time, Senator Cynthia Lummis (Cynthia Lummis) continues to advocate for crypto-friendly policies, emphasizing that Bitcoin can serve as a hedge against inflation and as a modern store of value in the financial system.

In her view, Bitcoin provides people with an alternative in the context of the unstable value of the US dollar.