Bitcoin and altcoins have experienced sharp declines one after another lately. While investors expecting a rise stay in the opposite direction, some investors are buying from the bottom.
Popular cryptocurrency platform Lookonchain said that a whale deposited 22.5 million USDT on the Binance exchange today, after receiving 12,635 Ethereum and withdrawing these ETHs.
“A giant whale deposited 22.5 million USDT on Binance today and withdraws 12,635 ETH ($21.08 million worth).
Looks like the whales are bottoming out!"
A giant whale deposited 22.5M $USDT to #Binance and withdrew 12,635 $ETH ($21.08M) today.
Seems like whales are buying from the bottom!https://t.co/c2mwDMcxD8 pic.twitter.com/PWB8AanCyL
— Lookonchain (@lookonchain) June 16, 2023
In another post, Lookonchain said that a whale made 100% profit from leveraged transactions on Ethereum.
“This Smart trader has earned nearly $240,000 in the last 7 days on long or short ETH positions with low leverage!
He has made a total of 6 leveraged ETH trades, all trades are profitable and the win rate is 100%.
This whale is currently long on Ethereum.”
This Smart trader has made nearly $240K in the past 7 days by long/short $ETH with low leverage!
He has traded a total of 6 times, all trades are profitable, and the winning rate is 100%!
And he is long $ETH currently.https://t.co/dDSUffsjm4 pic.twitter.com/NWUzCiAs1H
— Lookonchain (@lookonchain) June 16, 2023
ETH, which fell to the level of $ 1,620 with the last drop, is traded at $ 1,665 at the time of writing.
*Not investment advice.
