📊 Bitcoin fell below $68,000, with $1.3 billion in long positions liquidated over the past 24 hours. However, some wallets are still making profits today.
👇 What caused this decline? The market expects the Federal Reserve may raise interest rates in December; nearly $1.5 billion flowed out of ETFs over the past week, and breaking below the $70,000 support level triggered a wave of liquidations. Now, let’s take a look at the “smart wallets” — the wallets that performed best:
🐋 An Ethereum (ETH) “whale” withdrew $24 million from an exchange and is still holding 75% of it. Their profit is 19%, or $3.5 million.
🐋 Another Ethereum wallet: +17.7%, or a gain of $2.1 million.
🐋 A large Bitcoin (BTC) wallet: $37 million, accumulated through 20 separate purchases; the entire amount is still being held. Profit: $2.3 million.
🐋 Five other Bitcoin wallets show gains ranging from 5% to 11%. What’s their secret? They bought the assets at lower prices and immediately moved them off the exchange.
Assets in a private wallet cannot be forcibly liquidated, so holders of such wallets don’t worry about days like today, while most market participants are currently selling at a loss.
$ETH $BTC $NVDAB
👇 What caused this decline? The market expects the Federal Reserve may raise interest rates in December; nearly $1.5 billion flowed out of ETFs over the past week, and breaking below the $70,000 support level triggered a wave of liquidations. Now, let’s take a look at the “smart wallets” — the wallets that performed best:
🐋 An Ethereum (ETH) “whale” withdrew $24 million from an exchange and is still holding 75% of it. Their profit is 19%, or $3.5 million.
🐋 Another Ethereum wallet: +17.7%, or a gain of $2.1 million.
🐋 A large Bitcoin (BTC) wallet: $37 million, accumulated through 20 separate purchases; the entire amount is still being held. Profit: $2.3 million.
🐋 Five other Bitcoin wallets show gains ranging from 5% to 11%. What’s their secret? They bought the assets at lower prices and immediately moved them off the exchange.
Assets in a private wallet cannot be forcibly liquidated, so holders of such wallets don’t worry about days like today, while most market participants are currently selling at a loss.
$ETH $BTC $NVDAB
