The cryptocurrency market has witnessed increased activity from large investors, capturing the attention of analysts and market participants.
Large Investors Trading Activity
Recent data points to large transactions, especially in the Bitcoin and Ethereum sectors. One whale with the wallet bc1q0l withdrew 2,100 BTC from Binance after holding it for four months. Just an hour ago, they deposited back 1,000 BTC, equating to approximately $117.67 million, marking a profit. This whale had acquired the Bitcoin at $84,861, realizing a profit of around $68.8 million at current prices.
Market Strategies and Positions
Significant activity is also observed on the Ethereum platform. A wallet with the address 0x247B, reportedly linked to the Ethereum Foundation, sold 1,207 ETH for 3.61 million USDC. On the same day, SharpLink Gaming received 10,000 ETH ($25.7 million) directly from the Ethereum Foundation and followed up with an additional 21,487 ETH ($64.26 million) from OTC and Coinbase Prime. However, not all investors are bullish; there has been an increase in short positions in Ethereum.
Institutional Investors in the Market
While private investors discuss their strategies, institutional actions are also notable. BlackRock's Ethereum ETF, ETHA, recorded its highest daily net inflow in history: 106,827 ETH (approximately $320 million), increasing their total holdings to over 2 million ETH (around $6 billion).
The observed changes in the activity of large investors and institutional players highlight the dynamics and volatility of the cryptocurrency market in light of recent price increases.
