Bitcoin whale $ 11 billion closes $ 450 million ETH, raising up to $ 108 million star-news.press/wp

Bitcoin whale closes billions of dollars from its recently opened locations and the purchase of hundreds of millions of ether, indicating that big investors expect more bullish trend from the second largest encrypted currency in the world.

Last week, Bitcoin whale was sold for more than $ 11 billion, 22,769 Bitcoin (BTC), at a value of $ 2.59 billion, and alternating money to 472,920 of Ether (ETH) or 2.2 billion dollars and $ 577 million of Perptual Hipperquid.

On Monday, the whale closed $ 450 million from its long -term position at the average price of the ether of $ 4,735, prohibiting a $ 33 million profit, before getting another $ 108 million, according to the Blockchain Intelligence Lokonchain platform.

“It still holds $ 40.212 ($ 184 million), with an unintended profit of $ 11 million,” Lokonchain added on Monday. mail.

Crack traders often track large whale movements to measure short -term market trends.

The whale’s demand for ether increased during the past month, as the ETHER price increased by approximately 25 %, outperforming Bitcoin’s decrease by 5.3 % over the past thirty days, according to TradingView data.

Related to: Andrew Tate Shortz Kanye West Yazi, raising losses of $ 700,000 at the liquid elevation

Analysts, including Willie Wu, refer to these whales as the main reason behind Bitcoin’s decline last week to $ 112,000.

On Sunday, Bitcoin fell nearly 2.2 % from $ 114,666 at 7:31 pm UTC to $ 112.546 in nine minutes before reaching $ 112.174 at 8:16 pm UTC.

Related to: Perioding plans in the United States may feed the height of bitcoin to $ 200,000 despite the decline: the financing has been redefined

ETHER may target $ 5.2,000 in Bitcoin’s Crab Walk: Bitget CEO

Although Bitcoin may see a decrease in momentum over the next two weeks, it may enable investor capital to flow to ether, indicating new possible levels at all, according to Grace Chen, CEO of Bitget, the sixth largest exchange of cryptocurrency in the world through daily trading volume.

“Ethereum, which exceeds $ 4,300, has a strong request for the ecosystem and the potential start of the Altcoin season,” Chen Cointegraph told Cointelegraph.

“Bitcoin is expected to trade in a range ranging from 110,000 and 120,000 dollars throughout the week to two weeks, while ETHEREM seems stronger, with goals ranging between $ 4,600 and $ 5,200.”

Chen’s Federal Reserve Chairman Jerome Powell summoned “unexpected comments” “the main catalyst” to increase risk appetite among encryption investors.

She said: “The data on the chain shows a rotation in the capital, as the bitcoin whales sell to increase the exposure to Ethereum, which increases the acceleration of the ETH momentum.”

Chen’s comments came shortly after Powell’s speech at the annual central bank symposium in Jackson Hall on Friday, as it hinted that the discounts in the interest rate will resume in September.

https://www.youtube.com/watch?

magazine: Altcoin 2025 season is almost here … but the rules have changed