While Bitcoin exhibited very volatile movements with the CPI data from the USA and the FED interest rate decision, BTC approached $ 70,000 after the positive CPI data.
However, after the FED decision and the statements of its chairman Jerome Poell, BTC fell again to $ 67,000.
Whales Collect Bitcoin (BTC)!
While Bitcoin exhibited volatile movements, whales did not remain idle. At this point, whales turned the decline into an opportunity and started buying BTC after the FED announced the amount.
According to Lookonchian's post, 2 new whale wallets purchased 2 thousand BTC worth $ 135 million from Binance.
Whales are buying $BTC!
2 fresh wallets withdrew 2K $BTC($135M) from #Binance in the past 20 minutes.
Address:
32a7u8tM45GPSdjzy7PbRvuncEvHFxnYR4
3D3a4fPJ5HKw43Qd6QHtoJ6RvMUL7UBDT5 pic.twitter.com/CJ827vIBK5— Lookonchain (@lookonchain) June 13, 2024
Ethereum (ETH) Purchases Increased!
Again, taking advantage of the decline, whales also bought Ethereum. According to the post of popular analyst Ali Martinez, whales received more than 240 thousand ETH worth $ 840 million.
It is considered that these large purchases include rising expectations for the ETH price in response to the SEC's approval of spot Ethereum ETFs and the ETFs' start of trading in June-July.
Giant Whale Made Large Sales in 5 Altcoins!
Finally, the giant altcoin whale also sold a large amount. Taking advantage of the rise following positive CPI data, the giant whale sold altcoins worth $8.38 million.
According to Spot on Chain's post, the smart whale, which made a profit of 11.4 million dollars on PEPE and UNI investments, sold Arbitrum (ARB), AAVE, Polygon (MATIC), XVS and BLUR.
“A smart whale deposited $8.38 million in five altcoins on Binance at local tops:
40K AAVE worth $3.65M 265K
Previously, this trader made a profit of $11.4 million on PEPE and UNI.”
https://twitter.com/spotonchain/status/18010753334307299832
*This is not investment advice.
