Bitcoin has been on a meteoric rise recently, hitting all the way to $35,000 on October 24, making investors full of expectations for the return of the bull market. So during this period, what operations did the giant whales perform in the altcoin market? According to data from 0xScope, we have sorted out the buying and selling trends of whale positions with a single swap transaction volume of more than 300,000 US dollars on the Ethereum chain from October 11 to October 24. Let’s take a look at what the whales have recently bought/sold. Which tokens! 😉

The first is the BTC encapsulated version (tBTC, WBTC). During this period, the whales executed a total of 98 BTC transactions, buying 1343.34 BTC and selling 1493.45 BTC. Regarding ETH’s LSD tokens (stETH, wstETH, ankrETH, cbETH, rETH, ETHx, frxETH, sfrxETH, swETH), the whales executed a total of 150 ETH transactions, buying 61,279.56 coins and selling 31,219.90 coins.

In terms of other altcoins, whales also bought CRV, FXS, ILV, KIMCHI, LDO, LINK, PEPE, RLB, SUSHI and other tokens during this period, while the tokens sold included BITCOIN (HarryPotterObamaSonic10Inu), FTM, SAFEREUM, UNI, etc.

Judging from the VPVR indicator, BTC had a large amount of funds to undertake panic selling during the FTX thunderstorm, while the situation of ETH was not so optimistic, and there was a certain possibility of "rebound shipments". However, if ETH can be driven up by BTC and get out of the chip-intensive range, the resistance to price rise will be reduced a little.

What do you think of the whales’ recent operations? Welcome to speak freely in the comment area and discuss and communicate together!