On-chain Data Arrives: What Trades Are Whales Making Ahead of Possible Approval of Bitcoin Spot ETFs?

Bitcoin In the hours before the much-anticipated approval of spot ETFs, on-chain data revealed some cryptocurrency It reveals that whales are making important moves.

0x781 whale 419.796021 for 1 million USDC with an average price of $2,390 WETH He became active in the Ethereum market by selling. Over the past 5 days, it sold a total of 1.19 thousand WETH equivalent to $2.89 million at an average price of $2,440.

Whale with address 0xtdb gave 17.3 million to Kraken USDT made a significant deposit of . These tokens were purchased from Tether Treasury just one hour before being deposited at an average price of $1,0006922666. Over the past 6 days, 0xtdb deposited a staggering 261.62 million USDT to centralized exchanges in 32 transactions. Despite these large deposits, the whale still has a balance of 39.42 million USDT.

Whale with address 0xd78 received 300 thousand dollars worth 16.18 million dollars from OKX OCD pulled. Remarkably, the wallet had deposited 348.18 thousand OKB into OKX 1 year 7 months ago.

Whale with address 0xe87 probably gave 5.14 million to Binance GMT He will deposit ($1.65 million). The wallet had withdrawn 1.43 million GMT from Binance 12 days ago.

Whale with address 0x006e recently gained 2.6 million from Upbit 1INCH ($1.08 million). In total, he has withdrawn 4.26 million 1INCH ($1.77 million) from CEX via 6 transactions in the last 6 days.

*This is not investment advice.

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