Crypto prices saw a sharp correction in the first week of August, with the Bitcoin price falling nearly 10% from its all-time high to trade as low as $112,000. Altcoins fared much worse.
However, smart money investors aren’t fazed and continue to buy the dip. There is a strong consensus among several top crypto analysts that the crypto bull cycle isn’t over just yet, and most large-cap assets still have significant upside.
Unsurprisingly, crypto prices are showing bullish strength on Monday, with Bitcoin back to trading above $114,5000, Ethereum above $3550 and XRP above $3.
On-chain analysis platforms have flagged a surge in whale buying activity as crypto prices fell. Bitcoin, Ethereum, top meme coins and low-cap coins ike Bitcoin Hyper are seeing the strongest buying pressure.
Whales Buy The Dip In Bitcoin, Ethereum And Solana Meme Coins
Data from Lookonchain suggests that whales are going long on large-cap assets.
A whale 0xab15 has opened a 40x leverage Bitcoin long position worth $86 million and is already sitting on an unrealized profit of over $500k. Interestingly, his take-profit is set at $120,000, which means he is anticipating a sustained rally in the coming days.
Whale 0xab15 is adding more to his $BTC long, now holding 752 $BTC($86M) with $774K in unrealized profit.
He's set his new take-profit target at $120,000.https://t.co/xnwkwzSG9l pic.twitter.com/bcqzezcACi
— Lookonchain (@lookonchain) August 4, 2025
Popular trader Aguila Trades has also opened a 40x long Bitcoin trade. Retail investors can place similar trades through beginner-friendly platforms like CoinFutures.
Whales are also using the dip in the Ethereum price to prepare for a breakout above the $4000 resistance. Arkham Intelligence reveals that a whale or institution has purchased a staggering $300 million worth of ETH in just 3 days.
Somebody is buying a TON of ETH.
In the past 3 days, this address has accumulated $300M of ETH from Galaxy Digital OTC.
It’s currently worth $274M, with this address down $26M or 8.7% so far.
Address: 0xdf0A67Ded855F8ea4baB6399690883243c0e2EF3 pic.twitter.com/pB9Foxm1wx
— Arkham (@arkham) August 3, 2025
Trader 0xF436 also purchased $36 million worth of ETH on Sunday.
ETH treasury firm Sharplink Gaming isn’t missing out on buying the dip as well, purchasing over $100 million worth of Ethereum over the past couple of days. Their total ETH position now exceeds $1.65 billion, behind only Tom Lee’s BitMine.
Besides the large-caps, Solana meme coins are also in high demand. On-chain analysis platform Stalkchain, which only tracks smart money wallets, reveals there is strong buying pressure on Bonk, SPX6900 and USELESS meme tokens.
Infact, SPX had the strongest buying pressure of any Solana meme coin over the past week.
🚨 $SPX ( SPX6900) is the most bought token by smart money over the past 7 days, according to Stalkchain. pic.twitter.com/VzjuNDL3KO
— The Solana Post (@thesolanapost) August 1, 2025
Low-Cap Cryptos Like Bitcoin Hyper Also In High Demand
Whales are buying low-cap cryptos, preparing for outsized returns when the broader market outlook improves.
A trader purchased nearly $60k worth of Bitcoin Hyper (HYPER), the new BTC Layer-2 coin, in two separate transactions.
Bitcoin Hyper gained popularity for its use of the Solana Virtual Machine to bring the programmability, scalability and performance of modern blockchains to Bitcoin. Analysts believe it could open the gateway to payments, DeFi and even memes on the BTC blockchain.
The strong whale demand for HYPER isn’t surprising, which has already raised nearly $7 million in its ICO. Layer-2 coins tend to have high upside, with many top projects often reaching multibillion-dollar valuations.
Prominent analysts and influencers have already taken note of Bitcoin Hyper, with many calling it the next 100x crypto.
Visit Bitcoin Hyper Presale
This article has been provided by one of our commercial partners and does not reflect Cryptonomist’s opinion. Please be aware our commercial partners may use affiliate programs to generate revenues through the links on this article.