Big Crypto Whales Make Big Trades as the Market Rises – Here’s What They Trade

As the cryptocurrency market experiences bullish activity, the on-chain activity of some large whales is attracting attention. Recent data points to large-scale transactions, particularly on the Bitcoin and Ethereum side. A whale with a wallet named bc1q0l, who had withdrawn 2,100 BTC from Binance after holding it for about four months, deposited 1,000 BTC (approximately $117.67 million) back into Binance just an hour ago, marking a profit. The whale had collected the Bitcoins at $84,861, a profit of approximately $68.8 million at current prices. Meanwhile, Ethereum is also experiencing significant activity. A wallet with the address 0x247B, reportedly affiliated with the Ethereum Foundation, sold 1,207 ETH for 3.61 million USDC five hours ago. Related News: How Much Is Satoshi Nakamoto’s Fortune After Bitcoin’s Latest Major Rally? Where Does He Rank Among the Richest? On the same day, SharpLink Gaming, which received 10,000 ETH ($25.7 million) directly from the Ethereum Foundation, followed up with an additional 21,487 ETH ($64.26 million) from the over-the-counter (OTC) market and Coinbase Prime. However, not every investor is bullish on the market. The rise in short positions in Ethereum is noteworthy: The wallet with address 0x8c58 deposited 3.74 million USDC in the last hour, shorting 18,394 ETH ($54.3 million) with 15x leverage. 0x2258 deposited 3.25 million USDC and shorted 16,219 ETH ($48 million) with 25x leverage. Another investor with the address 0xec4b opened a short position of 13,845 ETH ($41.07 million) with 15x leverage. Amidst all this trading, institutional activity continues. BlackRock’s Ethereum ETF, ETHA, recorded its highest daily net inflow in history yesterday: 106,827 ETH (approximately $320 million). This brings BlackRock’s total ETH holdings to over 2 million ETH (approximately $6 billion). *This is not investment advice. Continue Reading: Big Crypto Whales Make Big Trades as the Market Rises – Here’s What They Trade

Source: BitcoinSistemi