Crypto Whale Holds $38.1 Million in Long Positions as Fed Bet Gains

A cross-market crypto account holds about $38.13 million in long positions and a profitable October Fed rate-hold wager, combining token exposure with a macroeconomic bet.

The account, identified as rjgrant.eth and also known as Geminae.Columbae, has roughly $2.49 million in combined unrealized gains across its crypto positions.

Bitcoin (BTC) represents about $27.32 million of the portfolio. Chainlink (LINK) accounts for approximately $5.80 million, while Zcash (ZEC) represents about $4.53 million. HYPE and NIL positions total about $482,200.

The BTC position carries an unrealized loss of about $626,800. LINK and ZEC show unrealized gains of about $1.57 million each, while HYPE and NIL are down about $23,000 combined.

The account also holds 1,600 Yes shares tied to the Federal Reserve keeping interest rates unchanged in October. The position was acquired at an implied probability of 54% and is now valued at an 83.5% probability, giving it a position value of $1,336 and an unrealized gain of $472.

Weak U.S. employment data supported expectations that the Federal Reserve would leave rates unchanged in October. September nonfarm payroll growth was 29,000, the unemployment rate was 4.2%, and combined July and August job gains were revised down by 60,000.