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Trading Insight_News
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Whale Rotates Portfolio Dumps BTC, Accumulates ETH, Opens 10x Leveraged Long on LINK
The crypto market has just recorded an onchain move showing a clear shift in risk appetite from a whale, strongly rotating capital from Bitcoin into Altcoins.
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🔸 The whale with address "0x083" sold 50 BTC (approximately $3.52 million) to immediately purchase 1,693 ETH. This move brings the whale's total Ethereum holdings to 5,698 $ETH approximately $11.92 million.
🔸 Not only accumulating the base asset, this whale also deposited 700,000 USDC onto a derivatives exchange to open a $LINK LONG position with 10x leverage. Creating a position shows this player is betting heavily on a shortterm breakout for Chainlink.
The shift of capital from a safer asset towards highrisk positions is a signal of big money's optimism regarding the potential of the Altcoin group.
News is for reference, not investment advice. Please read carefully before making a decision.
Get 30% Cashback on Transactions at Binance Wallet/Web3 Here
🔸 The whale with address "0x083" sold 50 BTC (approximately $3.52 million) to immediately purchase 1,693 ETH. This move brings the whale's total Ethereum holdings to 5,698 $ETH approximately $11.92 million.
🔸 Not only accumulating the base asset, this whale also deposited 700,000 USDC onto a derivatives exchange to open a $LINK LONG position with 10x leverage. Creating a position shows this player is betting heavily on a shortterm breakout for Chainlink.
The shift of capital from a safer asset towards highrisk positions is a signal of big money's optimism regarding the potential of the Altcoin group.
News is for reference, not investment advice. Please read carefully before making a decision.
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