An ETH whale sold 23,924 ETH and placed limit long orders for BTC, ETH, and HYPE.
According to ChainCatcher, on-chain analysts have monitored that address 0xead…E9D55 sold 23,924 ETH at an average price of $1,888.71 over the past 10 hours, with a total value of approximately $45.18 million.
The funds of this address come from two sources: 19,000 ETH accumulated in 2017 (at a cost of about $357), and 7,038 ETH withdrawn from exchanges between December 2023 and April 2024 (at a cost of about $2,709.43). After reducing its holdings, the address deposited 15.998 million USDC into Hyperliquid as margin and placed limit long orders for BTC, ETH, and HYPE on the platform. Currently, the address holds positions worth about $56.18 million, mainly long positions, with an unrealized loss of approximately $6.462 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
Major Crypto ETFs Bled $1.5 Billion While Wall Street Went Dip Shopping
"Big Short" Burry increases short positions on Nasdaq 100 and semiconductors, says Nvidia (NVDA.US) influence may enter a "new paradigm"
"The Big Short" Michael Burry has increased his bearish bets on the Nasdaq 100 Index and semiconductor stocks.
Duan Yongping: Currently will not sell Nvidia, and in the future Jensen Huang may return as a “shadow CEO”
Duan Yongping has made it clear that he will not sell Nvidia and sold a large number of put options on the day the news was released. Nvidia may invite Jensen Huang to serve as an advisor, taking on a “shadow CEO” role to retain his influence, but he would no longer have signing authority. Whether this scenario materializes will likely only become clear after the hearing concludes.
US Research Review - Azenta, Cencora, Stratasys
Crypto prices
More
