Altcoins News
By Pankaj K
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A Whale Awakens After Seven Years. Blockchain tracking firm Lookonchain revealed that an OG Bitcoin whale who accumulated holdings…
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Whale’s Leveraged Bet on Ether. According to Lookonchain data, the whale deployed the $76 million across 68,130 ETH long positions:
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Institutions Quietly Accumulate Ether. The whale’s move isn’t isolated. Institutional wallets have also been spotted stacking Ether…
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Old Bitcoin Whales Are on the Move. This is not the first time long-term Bitcoin holders have stirred in recent months.
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Why Ether? Analysts Weigh In. Several factors explain why whales and institutions are increasingly turning toward Ethereum:
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Market Implications. The whale’s bold shift into Ethereum suggests a broader evolution in market dynamics.
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Conclusion. The seven-year Bitcoin whale awakening highlights a pivotal moment in crypto markets.
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when a long-dormant Bitcoin whale sold $76 million worth of BTC to open a leveraged position on Ethereum.
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Blockchain tracking firm Lookonchain revealed that an OG Bitcoin whale who accumulated holdings over seven years ago finally broke their silence.
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On Wednesday, the whale sold 670 Bitcoin, valued at $76 million, to establish four leveraged long positions in Ether.
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This move highlights a growing sentiment among high-net-worth crypto holders that Ethereum offers attractive upside potential relative to Bitcoin, especially as institutional…
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Three positions were opened at 10x leverage.
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One smaller position, consisting of 2,449 ETH, used 3x leverage.
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All positions were opened around the $4,300 price level. However, Ether corrected shortly after the trades, dropping to a low of $4,080.
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At the time of writing, Ether has rebounded by nearly 3%, trading at $4,287. The whale’s bet is still intact but remains highly vulnerable to volatility if ETH retests lower…
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