coin-img-ETHETH+2.10%coin-img-BTCBTC+0.40%coin-img-SPACECOINSPACECOIN+131.40%coin-img-SOLSOL+1.86%coin-img-XRPXRP-0.55%coin-img-USDCUSDC+0.03%coin-img-HYPEHYPE+28.38%coin-img-DOGEDOGE+1.43%coin-img-ETHETH+2.10%coin-img-BTCBTC+0.40%coin-img-SPACECOINSPACECOIN+131.40%coin-img-SOLSOL+1.86%coin-img-XRPXRP-0.55%coin-img-USDCUSDC+0.03%coin-img-HYPEHYPE+28.38%coin-img-DOGEDOGE+1.43%coin-img-ETHETH+2.10%coin-img-BTCBTC+0.40%coin-img-SPACECOINSPACECOIN+131.40%coin-img-SOLSOL+1.86%coin-img-XRPXRP-0.55%coin-img-USDCUSDC+0.03%coin-img-HYPEHYPE+28.38%coin-img-DOGEDOGE+1.43%coin-img-ETHETH+2.10%coin-img-BTCBTC+0.40%coin-img-SPACECOINSPACECOIN+131.40%coin-img-SOLSOL+1.86%coin-img-XRPXRP-0.55%coin-img-USDCUSDC+0.03%coin-img-HYPEHYPE+28.38%coin-img-DOGEDOGE+1.43%

On-Chain Whales Exhibit Divergent Strategies: Significant ETH Accumulation Contrasts With Major stETH Transfer to Wintermute

On January 28, on-chain whale activity exhibited divergent trends as Bitcoin maintained its position around $89,000 and Ethereum broke above $3,000, BlockBeats reported. A prominent "BTC OG insider whale" significantly increased their exposure by adding 19,973 ETH in 5x long positions, bringing their total positions to $758 million. Simultaneously, "Machi" deposited 225,000 USDC to expand ETH and HYPE long positions. Conversely, a smart-money address, known for profitable ETH swing trading, transferred 10,000 stETH, valued at $30.12 million, to Wintermute, subsequently receiving 30.03 million USDC. This activity occurred during an FOMC meeting week, a period historically associated with heightened BTC volatility and potential downside risk, according to analysis cited by BlockBeats.
Selected
ETH
ETH+2.09%
BTC
BTC+0.36%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.