Whales Turned the Decline into an Opportunity and Bought These Assets: What Does the Million Dollar Purchase Herald?

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As the broader crypto market declines Bitcoin There were also decreases in the values ​​of (BTC) and Ethereum (ETH). With these dreams, whales seized the opportunity to make strategic entries into the market. Interestingly, two of these large whales took advantage of the situation. He purchased a significant amount of BTC and ETH when prices were at their lowest point.

Lookonchain, information on the activities of these strategic whales shared. In its first tweet, Lookonchain highlighted the move by a Bitcoin whale, sharing a significant withdrawal of 700 BTC ($29.36 million) from Binance.

The purchase was made at an average price of $41,948, indicating a strategic move during the market downturn. This move raises questions about the whale’s market timing and his confidence in BTC’s long-term potential.

Koinfinans.com As reported at As of last update, Bitcoin’s current price stands at $41,214, reflecting a decline of 2.97% in the last 24 hours and 9.69% in the last seven days.

Ethereum is also on the radar of whales

In addition, Lookonchain’s smart whale made 3,600 coins at a lower price. ETH He emphasized that he bought it ($8.9 million). The tweet underlined the whale’s ability to purchase ETH at lower values, resulting in a current profit of approximately $25.8 million.

Meanwhile, cryptocurrency Such strategic moves by whales generally indicate strong market sentiment and belief in the potential for rapid recovery and upward momentum among experienced investors.

However, the current Ethereum price is $2,480 and is down 1.22% in the last 24 hours and 4.70% in the last seven days.


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