According to Bloomberg, the US Department of Justice will announce cryptocurrency enforcement actions today. The announcement is expected to be made at 23:00 CET.
Reacting to this news, Bitcoin fell to $ 36,200 after the news was heard, but recovered again.
While there were retreats in altcoins along with Bitcoin, the largest altcoin Ethereum also fell to $ 1,950.
Taking advantage of this decline, the whale bought ETH. According to Lookonchain's post, this whale, who took the fall as an opportunity and was successful in ETH trading, bought 2,824 ETH (worth $5.53 million) from Binance.
Whale also received and staked 6 million BLUR from FalconX, worth $2.28 million.
“Following news that the US Department of Justice will not announce cryptocurrency enforcement actions, this ETH swing trading whale again purchased 2,824 ETH ($5.53 million) from Binance.
Whale also received 6 million BLUR ($2.18 million worth) from Falcon X and staked it today.”
ETH recovered after the decline and continues to trade at $1,982.
— Lookonchain (@lookonchain) November 21, 2023