Lookonchain’s on-chain analytics has attracted the attention of a 7 year-old. Bitcoin whale Who is making big bets on Ethereum? The news comes in the midst of a cryptocurrency market correction, during which ETH and BTC have suffered significant losses.
Bitcoin Whale sells $76 million to buy Ethereum
It is a good idea to get started with a newbie. X postLookonchain revealed the following: Bitcoin OG., who holds 14,837 BTC (1,69 billion dollars), has sold 670.1 BTC (76 million dollars) and taken long positions in 68,130 ETH (295 million dollars). Whale made the move to buy $76 Million BTC from Hyperliquid before selling them off and buying 68130 ETH in four different wallets.
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The Bitcoin whale in question received 14 837 BTC from HTX and Binance seven years earlier, when Bitcoin traded at $7 242. This recent action could indicate that this whale has now turned their attention towards Ethereum. The investor is anticipating a huge move by the altcoin with the highest market capitalization.
Also, another X-post. Lookonchain revealed It is clear that Bitcoin Whale tried to take a safe bet on Ethereum by closing their long positions, and switching to buying spot ETH. The whale then deposited an additional 1,000 BTC worth $113.95million. to Hyperliquid Buy ETH: I bought 19 794 ETH (85 Million USD)
The Bitcoin OG has also begun trading Ethereum again using leverage. therefore proceeded To go long with ETH, the whale deposited USDC $20 million into a brand new wallet. It brought the whale’s total holdings up to 334 million USDC or 78 265 ETH across five wallets.
Bitcoin OG: More Ethereum Purchases
You can also find out more about the following: Bitcoin investor has continued Double down on your Ethereum conviction. In the last 2 days, the whale sold 3,564.67 million BTC (or 3,142 BTC). bought 55,039 ETH (237 millions) via spot trading, and opened up a long position of 135,265 Ethereum ($577million). Hyperliquid data Three of five positions that are long-term in the market currently show a profit. One of the biggest is a gain that has not yet been realized of $2 million.
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Lookonchain spotted Another Bitcoin OG who deposited BTC in Hyperliquid for the purpose of selling and buying ETH. Data from the blockchain shows this whale also received $547 million in BTC back seven years. According to this, the on-chain analytics platform They said that this is probably the same whale. Another whale also recently created Binance and withdraw 11,950 ETH (51,32 millions dollars) into a new wallet.
According to the latest data, Ethereum is currently trading for $4,280. This represents a decrease of around 4% in the past 24 hours. data CoinMarketCap.
Image from Pixabay. Chart by Tradingview.com
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Source: www.newsbtc.com
