As the cryptocurrency market experiences bullish activity, activities in several large whale chains are gaining attention. Recent data refers to large transactions, particularly on the Bitcoin and Ethereum side.
The whale, with a wallet named BC1Q0L, held for about four months, then retracted 2,100 BTC from Binance and returned 1,000 BTC (approximately $117.67 million) to Binance just an hour ago, marking its profits. The whales collected bitcoin for $84,861. This is a profit of around $68.8 million at current prices.
Meanwhile, Ethereum has also experienced important activities. The wallet, which is reportedly affiliated with the Ethereum Foundation, sold 1,207 ETH for 3.61 million USDC five hours ago.
On the same day, Sharplink Gaming, which received 10,000 ETH ($25.7 million) directly from the Ethereum Foundation, added another 21,487 ETH ($64.26 million) from the over-the-counter (OTC) market and Coinbase Prime.
However, not all investors are bullish in the market. The rise in Ethereum’s disadvantages is notable:
- The wallet with address 0x8C58 has accumulated USD 3.74 million in the past hour, reducing 18,394 ETH ($54.3 million) with 15x leverage.
- 0x2258 deposited 3.25 million USDC, reducing 16,219 ETH ($48 million) with 25 times leverage.
- Another investor with address 0XEC4B opened a short position of 13,845 ETH ($41.07 million) with 15x leverage.
Amid all this transaction, institutional activity continues. Etha’s BlackRock Ethereum ETF recorded the highest daily net inflow in history yesterday: 106,827 ETH (approximately $320 million). This brings BlackRock’s ETH holdings to ETH (approximately $6 billion) for over 2 million people.
*This is not investment advice.
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