Ethereum Hit $4,885 Amid Whale Swap And Liquidations
Powell’s dovish remarks sparked $388M in Ethereum liquidations. A $642M Bitcoin-to-Ethereum whale trade suggests shifting institutional demand. A seven-year-old Bitcoin wallet has surfaced, bringing volatility to the crypto market after a significant asset transfer. The wallet sold 100,784 BTC, valued at $642 million, and redirected the funds into Ethereum (ETH). Whale’s $850 Million Bet Signals
Bradley Nelson3 min read
Powell’s dovish remarks sparked $388M in Ethereum liquidations. A $642M Bitcoin-to-Ethereum whale trade suggests shifting institutional demand.
A seven-year-old Bitcoin wallet has surfaced, bringing volatility to the crypto market after a significant asset transfer. The wallet sold 100,784 BTC, valued at $642 million, and redirected the funds into Ethereum (ETH).
Blockchain tracker confirmed the sale and reported that the whale purchased 62,914 ETH worth $270 million in spot transactions. In addition, the wallet opened a derivatives long position equal to 135,265 ETH, valued at $580 million.
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