Whales as the crypto market crashed in the last hours, according to data from WhaleStats. Bitcoin (BTC), Ethereum (ETH), Shiba Inu (SHIB) and Chainlink (LINK) seizes such assets. With Bitcoin rising above $42,000 on March 10, investors have breathed a sigh of relief over the past two days, while many crypto assets have shown impressive gains as altcoins have risen with Bitcoin.
While several transactions involving the purchase of Bitcoin, Ethereum, and Chainlink have been reported by the blockchain data tracker, the most recent BTC transaction was a 1,500 BTC transaction worth $58,896,000. Phantom (FTM) belonged to the whale.
🐳🐳🐳🐳🐳🐳🐳🐳🐳🐳 A FTM whale just bought 1,500 $btc ($58,896,000 USD).
Transaction hash: 0xa7263c3ab19406fb9df52b3a18251443fdee952ea46bf1fbf9b084a531978e6b#BTC #ERC20 #FTM #whalestats
— WhaleStats – the top 1000 Phantom richlist (@WhaleStatsFTM) March 10, 2022
Another whale bought 550 ETH worth $1,493,921. In this way, Ethereum has also taken its place as one of the most purchased tokens in the last 24 hours. Besides, another FTM whale added $1,974,807 of 150,404 LINK to its altcoin stash.
🐳 A FTM whale just bought 150,404 $link ($1,974,807 USD).
Transaction hash: 0xd04cbf1ab6a851d9c0aa882191c161ad994f6fca2c443f39ec44f99a5a5ff12a#LINK #ERC20 #FTM #whalestats
— WhaleStats – the top 1000 Phantom richlist (@WhaleStatsFTM) March 10, 2022
Shiba Inu whales have become highly active in the last 24 hours
According to data from IntoTheBlock, with the number of large transactions handled by giant whales increasing by 82 percent. Shiba Inu (SHIB) whales have become more active in the last 24 hours. Sudden spikes in large trades are often an indicator of high activity among institutional players or whales buying or selling.
The top 100 Shiba Inu investors have also increased their portfolios, with WhaleStats reporting a 178.87 percent increase in the average SHIB balance for this investor category. The average SHIB value of their portfolio also experienced 180.48 percent growth. Looking at other data, both volume and active addresses showed healthy metrics, increasing by 880 percent and 18.18 percent in the last 24 hours.
Crypto market dips
While Bitcoin suddenly dropped to $ 38,796 on March 10, when it had a great rise, a total of $211 million worth of longs were liquidated in the crypto market. The value of liquidations on the platform’s network has soared to $68.55 million as Bitcoin dropped as much as 7.5 percent in a 24-hour period. In the same time frame, Ethereum (ETH) futures also showed a loss of $50.57 million.
According to data from crypto analytics platform Coinglass, 59,945 traders who bet on further rises in crypto prices also recorded losses due to the liquidations.
At the time of writing, most altcoins are posting losses ranging from 2 percent to 20 percent. Bitcoin, on the other hand, is currently trading at $ 39,072, down 7.29% in the last 24 hours.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.