As the selling pressure in Bitcoin continued to increase, the price fell below $ 41,000. This decline in BTC also affected altcoins.
While there were significant withdrawals in altcoins, especially Etheruem, whales took advantage of this decline and did not neglect to buy.
At this point, Lookonchain said that a newly created wallet first purchased BTC.
Accordingly, the whale bought 700 BTC with an average of $ 41,948.
“Looks like a whale is buying BTC!
During the last market decline, a new wallet purchased 700 BTC (worth $29.36 million) from Binance at an average price of $41,948.”
“Successful Whale After Finding the Bottom and the Top Started Accumulating Ethereum!”
Lookonchain said another whale also purchased Ethereum. Accordingly, this whale, who is good at ETH trading, bought 3,600 ETH (worth $ 8.9 million).
“After the ETH price dropped, this smart whale bought 3,600 ETH (worth $8.9 million) at a lower price about 5 hours ago.
This whale is very good at buying ETH at low prices and selling at high prices.
Its total profits are now approximately $25.8 million!”
*This is not investment advice.