Data: An ancient whale has sold 3,100 BTC and bought 50,522 ETH, going 5x long on 135,000 ETH
According to ChainCatcher, citing Ember monitoring, a whale/institution that has held 10,606 BTC for as long as 7 years and made a profit of $1.12 billion has recently sold 3,100 BTC (worth $348 million) and purchased 50,522 ETH spot (worth $213 million).
In addition, this entity spent $120 million in margin to go long on 135,000 ETH with 5x leverage overall, and still holds 7,537 BTC (worth $846 million).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
QCP: Dovish comments from the Federal Reserve boost the market, December rate cut expectations rise to 75%
Japan's largest asset management company plans to launch bitcoin and crypto investment products
Analyst: Bitcoin's 5 major technical indicators signal a bearish turn, with support levels as low as $52,820
Trending news
MoreCrypto prices
More
