tldr; Bitcoin’s slow price action this cycle may be influenced by long-time whales, according to Willy Woo, who noted that it takes over $110,000 of fresh capital to absorb every Bitcoin they sell. A major Bitcoin whale recently rotated $2 billion worth of BTC into Ether (ETH), triggering a market sell-off and a $45 billion drop in Bitcoin’s market cap. The whale strategically staked ETH and profited $185 million from ETH/BTC trades. This trend reflects increasing whale interest in ETH over BTC, impacting market dynamics.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
utilizatoru on
flash crashes are noise- whales buying ETH is the signal
J5966358 on
Wow!
„Bitcoin’s price action may be influenced by whales, according to Willy Woo“
Seriously?
Leave A Reply
Du musst angemeldet sein, um einen Kommentar abzugeben.
3 Kommentare
tldr; Bitcoin’s slow price action this cycle may be influenced by long-time whales, according to Willy Woo, who noted that it takes over $110,000 of fresh capital to absorb every Bitcoin they sell. A major Bitcoin whale recently rotated $2 billion worth of BTC into Ether (ETH), triggering a market sell-off and a $45 billion drop in Bitcoin’s market cap. The whale strategically staked ETH and profited $185 million from ETH/BTC trades. This trend reflects increasing whale interest in ETH over BTC, impacting market dynamics.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
flash crashes are noise- whales buying ETH is the signal
Wow!
„Bitcoin’s price action may be influenced by whales, according to Willy Woo“
Seriously?