While Bitcoin fell to $ 45,000 after the fake ETF news, some altcoins diverged positively from the market and started to rise.
One of these altcoins was Ethereum.
While Ethereum attracted the attention of investors with its rise, whales also began to collect ETH.
According to Lookonchain's post, a whale started buying ETH from Binance again.
Accordingly, this whale received 9,705 ETH from Binance, deposited them in Comnpound and borrowed 12 million USDT to buy more ETH.
This whale closed two of his three ETH trades profitably and made a total profit of approximately $5 million.
“A whale is buying ETH from Binance again!
Whale purchased 9,705 ETH ($22.9 million) from Binance and deposited it into Compound.
He then borrowed 12 million USDT to buy more ETH.
Whale has traded ETH three times before and closed 2 of them with a profit. He made a profit of approximately $5 million.”
A whale is buying $ETH from #Binance again!
The whale withdrew 9,705 $ETH($22.9M) from #Binance and deposited it into #Compound.
Then borrowed 12M $USDT to buy more $ETH.
The whale traded $ETH 3 times, 2 of which were profitable, with a profit of ~$5M.https://t.co/ZyJqsNlE9Y pic.twitter.com/1FAQcYeMm4
— Lookonchain (@lookonchain) January 10, 2024
Another whale borrowed $11 million worth of Bitcoin to buy ETH.
“This whale is bullish on ETH and bearish on BTC.
“In the last 4 hours, he borrowed 241 WBTC ($11 million) from Aave and exchanged these WBTCs for 4,677 ETH ($11 million).”
Ethereum, which has increased by approximately 8% in the last 24 hours, is at $ 2,405 at the time of writing.
This whale seems bullish on $ETH and bearish on $BTC.
He borrowed 241 $WBTC($11M) from #Aave in the past 4 hours and exchanged for 4,677 $ETH($11M).https://t.co/2W5FyKDEDa pic.twitter.com/d8PxOoinPr
— Lookonchain (@lookonchain) January 10, 2024
*This is not investment advice.
