JAKARTA, September 24 — Two large cryptocurrency wallets opened long positions totalling 2,031.58 Bitcoin (BTC) within a four-hour window on September 24, 2026, with a combined value of about $171 million. The move was first reported by Tokenpost and points to strong bullish sentiment among major holders in the Bitcoin derivatives market. Long positions are bets that an asset’s price will rise.
They would benefit from price increases, but they do not guarantee a market trend reversal. On closer reading, the transactions tell you how large investors are positioning themselves — not where Bitcoin goes next.
Why the size matters
The September 24 transactions stand out for their size and the short time frame in which they were executed. Derivatives markets, including futures and perpetual contracts, let traders take leveraged long or short positions on Bitcoin’s price without holding the underlying asset. Large, concentrated positions by major wallets are closely watched as a gauge of institutional or whale sentiment.
The catch is that they can also amplify volatility if positions are liquidated. The report did not identify the wallets or the exchanges involved, and no further details on the traders’ identities or strategies were provided.
That anonymity is standard in on-chain reporting, but it limits what the signal can support.
The broader session
The same market snapshot showed 38 of 50 major cryptocurrencies rose that day. Among the gainers, EOS increased 8.13% to Rp12,649 (about US$0.78), with a typical hold time of 87 days. Polkadot (DOT) rose 5.73% to Rp20,860 (about US$1.29), with 63% buy orders and a typical hold time of 120 days.
Filecoin (FIL) gained 5.43% to Rp17,952 (about US$1.11), with 67% buy orders and a typical hold time of 99 days. Bitcoin, created in 2009 by the pseudonymous Satoshi Nakamoto, is the world’s first and largest cryptocurrency by market capitalisation.
The September 24 whale positions are a notable signal of bullish positioning in the derivatives market, set against a session of broad gains across the top 50. What to watch next is whether those positions are held or unwound. Follow the money: if the wallets add, the bullish read strengthens; if they close, the same size that drew attention on the way in becomes the risk on the way out.
