Preparing for the Bull, Whales Started Buying in This Altcoin!
While the leading cryptocurrency Bitcoin dropped to $ 35,500 in its recent decline, it rose again to over $ 36,000 with a 2% increase in the last 24 hours.
While this decline in BTC also affected altcoins, the largest altcoin, Ethereum, also retreated.
At this point, while ETH dropped to $ 1,900, it increased by 2.3% in the last 24 hours to $ 1,959.
Taking advantage of this decline in ETH, whales started buying.
According to Lookonchain’s post, two new wallets purchased 21,076 ETH worth $41.23 million from the Bitfinex exchange.
2 fresh wallets withdrew 21,076 $ETH ($41.23M) from #Bitfinex just now.https://t.co/6eVMFB5yyMhttps://t.co/r6etEvYiaK pic.twitter.com/MQahH5lAk1
— Lookonchain (@lookonchain) November 18, 2023
Another whale withdrew 7,324 ETH from Binance, worth $14.3 million. The whale who deposited these ETHs to Compound borrowed 9 million USDT from Compound.
Whale then deposited 9 million USDT to Binance to buy more ETH.
“This whale is currently accumulating ETH again.
The whale withdrew 7,324 ETH ($14.3 million) from Binance. He then deposited these ETHs to Compound and borrowed 9 million USDT in return.
He then deposited 9 million USDT to Binance to purchase more ETH.”
This whale is long $ETH again just now!
The whale withdrew 7,324 $ETH($14.3M) from $Binance.
Deposited 7,324 $ETH($14.3M) to #Compound and borrowed 9M $USDT.
Then deposited 9M $USDT to #Binance to buy more $ETH.https://t.co/ueXUiCokc2 pic.twitter.com/rcEUJq2J6b
— Lookonchain (@lookonchain) November 18, 2023
*This is not investment advice.