Whale activity continues in the Bitcoin and altcoin world. It has moves especially towards some cryptocurrencies. Let’s look at the details.
Altcoin whales are on the move
A whale sold 5,380 altcoin Ethereum for 296 WBTC 11 hours ago. Accordingly, the value of the ETHs he sold is 9 million dollars. The whale has charted a route for itself. Accordingly, there is a further upward expectation for Bitcoin. This whale’s move to exchange a significant amount of Ethereum (ETH) for Wrapped Bitcoin (WBTC) attracts attention. Accordingly, it indicates that he prefers Bitcoin over Ethereum in the short term. This move could be interpreted as a bullish sentiment towards Bitcoin (BTC), possibly in anticipation of stronger price performance or a desire to hedge against market volatility.
It should be noted that cryptocurrency markets are extremely dynamic and investor sentiment can change rapidly. This movement reflects the whale’s particular strategy or perspective. But it doesn’t necessarily point to a broader trend in the market. Both altcoins ETH and BTC have unique features. Additionally, its usage areas also attract attention. Accordingly, investors often adjust their portfolios according to their specific goals and market conditions.
Whale’s LINK move
A whale withdrew 150 thousand altcoin LINK from Binance 10 minutes ago. Accordingly, its numerical equivalent is worth 1.51 million dollars. The same whale had withdrawn 451 thousand LINK from Binance at $ 8.12 on April 17 and 18. The value at that time was $3.66 million. Balina deposited the altcoin LINK, which he bought on these dates, back to Binance on June 10. The price then was $5.2. The whale had a loss of $1.3 million.
When we look at the movement of the whale in altcoin LINK, it shows the risk and volatility inherent in cryptocurrency trading. It’s a reminder that timing the market and accurately predicting price movements can be extremely difficult, even for major players in the crypto space.
DYDX sale coming?
A whale deposited 1 million altcoin DYDX to Binance about two hours ago. The move attracts attention. Because its numerical equivalent comes to 2.1 million dollars. This whale has accumulated 4.95 million units of DYDX from Binance through multiple addresses since April 4. Numerically, it is equivalent to 10.3 million dollars. On the other hand, he currently has 3.95 million DYDX in his wallet. Numerically, it indicates that there is $8.2 million left.
It is noteworthy that the whale deposited 1 million dYdX (DYDX) tokens to Binance and then potentially sold. Accordingly, it shows that a significant amount of altcoin DYDX tokens may enter the market. This move comes after the whale accumulated a significant amount of 4.95 million DYDX tokens from Binance through multiple addresses since April 4. It is noteworthy that the wallet still holds 3.95 million DYDX tokens worth $8.2 million. Accordingly, when we look at it as Kriptokoin.com, it shows that the whale has not completely liquidated its position.
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