Lookonchain, a market analysis platform, reported that a Whale rose from $43,953 to $1,750 on Binance in the last 2 days. Bitcoin He reported saving ($76.9 million). This whale activity comes at a crucial stage when the market is awaiting BTC ETF approval.
In addition, this smart whale accumulated 6,000 BTC ($158.66 million) from August 24 to September 2 at $26,444. He then deposited 3,000 BTC ($105.7 million) on Binance at $35,241, earning $26.4 million.
While the entire crypto community is excited about a BTC ETF approval, the United States Securities Exchange Commission has issued a FOMO (Fear Of Missing Out) alert.
An excerpt from the SEC’s article titled “Say ‘NO’ to FOMO” is as follows:
Also, just because people around you are buying such deals doesn’t mean you should too. Not every investment opportunity is right for everyone, and remember our saying: “NO to FOMO.
SEC’s statement above crypto- It could mean several things to the community. The SEC may actually care about the community and warn it. And this whale activity may be one of the things the SEC warns market manipulators do this to attract more investors.
Or the SEC, BTC ETF He may be implying that he won’t confirm his offer in the next few days, or perhaps even later. Whatever the outcome, trades may need to pay attention.
Koinfinans.com As we reported, at the time of writing, BTC is trading at $44,019 after experiencing a 0.06% decline in the last 24 hours. When the chart below is examined, it can be seen that BTC has left the bear flag.
Unlike a traditional breakout where BTC falls below the lower trend line, BTC broke above the upper trend line. Therefore, if BTC maintains its new trend in the uptrend, it could reach around $48,000. On the other hand, if BTC returns to the bear flag, it can be expected to drop to $38,000 for support.