While Bitcoin (BTC) and altcoin prices continue to move sideways, the same is not true for whales.
There is no price change, but large whales continue to trade.
According to a report from Lookonchain, newly created wallets have deposited a total of $4 million worth of USDC onto the platform in the past four days. After that, I started trading in Bitcoin and Ethereum.
But Whale expects one to rise and the other to fall. Specifically, whales opened long positions in Bitcoin in hopes of a rally, while opening short positions in Ethereum.
Therefore, the whale opened a long position of 218.6 Bitcoin worth $19.15 million with 10x leverage. Conversely, he opened a short position of 5,294 ETH worth $15.5 million, also with 10x leverage.
The current price was $71,392 for Bitcoin and $3,588 for Ethereum.
Another whale earned a large amount of ZEC. Lookonchain reported that a newly created wallet (t1XKfb) purchased 30,000 ZEC (worth $13.25 million) from Binance.
Institutional Whale has purchased a large amount of World Coin (WLD). Therefore, a wallet affiliated with Multicoin Capital (0xf000) purchased 60 million WLD worth $30 million at $0.50 per ton OTC.
Finally, Eric Voorhees, one of Bitcoin’s early proponents and founder of Shapeshift, once again exchanged Ethereum for Bitcoin Cash (BCH). He has been exchanging ETH to BCH for the past few weeks. Lookonchain reported that Erik Voorhees invested an additional 1,635 ETH ($4.81 million) in THORChain and exchanged it for BCH.
*This is not investment advice.
