While Bitcoin (BTC) and altcoins started the new week with a sharp correction, investors were divided into two.
While some investors were uneasy about this decline and went into waiting mode, some investors started to buy, thinking that this decline was a buying opportunity.
At this point, Lookonchain said that a whale who was very successful in swing trading took action to buy Ethereum.
Accordingly, this whale deposited 55 million USDT to Binance to purchase ETH earlier today.
“One smart whale deposited 55 M USDT into Binance today, will probably buy ETH.
This whale is very good at ETH swing trading and sold 25,700 ETH ($54.5 million worth) on November 9th.
“After waiting about a month after his last sale, he started buying ETH again in the recent falling market.”
Ethereum continues to trade at $2,235 at the time of writing.
*This is not investment advice.