The cryptocurrency market continues to experience volatility, leading to price drops for Bitcoin and altcoins. Different strategies are observed among major investors.
Bitcoin and Altcoin Decline
In the past 24 hours, Bitcoin has dropped below $115,000, while the price of Ethereum has reached $4,300.
Whale Actions on the Market
Different actions are observed from whales: some are selling off assets during the drop while others are accumulating them at lower levels.
Purchases and Sales by Major Players
According to Lookonchain data, whale 0xd8d0 purchased 10,000 ETH worth $43.43 million and 350 BTC worth $40.53 million. Additionally, two newly created wallets withdrew 25,684 ETH worth $114.3 million from FalconX. Another whale withdrew 1.72 million USDC from Binance and used the funds to purchase 1.79 million Fartccoin. The co-founder of Sky Protocol bought back 16.38 million SKY using proceeds from staking and ENA. A whale sold 3,492 ETH that it had been holding for two years, generating a profit of $17.37 million.
The cryptocurrency market remains under pressure; however, the active actions from major players indicate that volatility also creates opportunities for profitable transactions.
