Bitcoin Whale Dumps Billions For ETH, But $5 Billion Selloff Still Looms
A long-dormant Bitcoin “OG” has been rotating billions of dollars’ worth of BTC into ETH over the past two weeks, executing the bulk of the trades on Hyperliquid and withdrawing large tranches of ETH to self-custody—before staking a significant portion on the Beacon Chain. Bitcoin OG Whale Still Rotates Into ETH On-chain sleuth “MLM” has chronicled the flows in real time. In the most recent 46-hour window, the address cluster associated with the trader sold 7,000 BTC (≈$759 million at reference prices used by MLM) and bought 171,791.84 ETH (≈$773 million). MLM added that 3,000 BTC remained....
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A Bitcoin whale has transferred approximately $4 billion worth of BTC into Ethereum, signaling a major shift in the crypto market. This sudden redirection of funds has sparked discussions about its implications for the future of both leading cryptocurrencies. With such a dramatic capital rotation, traders question whether Ethereum is poised to step into the […]
Bitcoin price fell yesterday by over 10%, and price action has been on a downward descent since. The selloff was in response to a variety of factors, including the introduction of a new ban in India, a CFTC probe into Binance, and a debate over what was thought to be whale moving a billion in […]
Bitcoin price is down more than 10% from the weekend’s new all-time high set above $60,000 after an overnight selloff. The now sizable correction was first assumed to be a massive whale dumping more than $1 billion in BTC on crypto trading platform Gemini, but ultimately turned out to be something else. Here’s what actually caused the correction, and why the market was so easily shaken by what was ultimately a non-event. Whale Watching: Bitcoin […]
While most of the crypto market seems to have entered panic mode, one Bitcoin whale has gone on an incredible buying spree. The very young whale has only been here for three months but it now boasts one of the largest BTC holdings in the industry. However, the question for now is, while this whale […]
Excessive Terra supply coupled with UST supply contraction coincides with LUNA's price decline. Terra (LUNA) has plunged significantly after witnessing a FUD attack on its native stablecoin TerraUSD (UST).The LUNA/USD pair dropped 20% between May 7 and May 8, hitting $61, its worst level in three months, after a whale mass-dumped $285 million worth of UST. As a result of this selloff, UST briefly lost its U.S. dollar peg, falling to as low as $0.98.UST daily price chart. Source: TradingViewExcessive LUNA supplyLUNA serves as a collateral asset to maintain UST's dollar peg, according to....