I woke up to an on-chain alert this morning: a whale sold all 1,312 $BTC over the course of four days, converting it into 109.1 million USDC, then went all in on 43,275 $ETH at an average price of $2,521. Now $ETH has dropped to just over $2,400, leaving an unrealized loss of $4.15 million.
And this isn’t some retail trader—it’s an OG-level player who was sitting on BTC. The usual move would be to sell smaller coins for BTC, but they did the opposite: sold BTC to buy ETH, and kept buying as it fell.
Either they know something bullish that we don’t, or they’re betting on an ETH/BTC reversal. But I just saw last night that ETH spot ETFs are still seeing redemptions. That’s some serious conviction.
Place your bets in the comments: Is this a master plan to buy the dip in $ETH , or the first step toward catching a falling knife? Pick a side: A) Follow the big player and ride the wave, or B) The big player’s going to get wrecked too.
$BTC $ETH #Whale
And this isn’t some retail trader—it’s an OG-level player who was sitting on BTC. The usual move would be to sell smaller coins for BTC, but they did the opposite: sold BTC to buy ETH, and kept buying as it fell.
Either they know something bullish that we don’t, or they’re betting on an ETH/BTC reversal. But I just saw last night that ETH spot ETFs are still seeing redemptions. That’s some serious conviction.
Place your bets in the comments: Is this a master plan to buy the dip in $ETH , or the first step toward catching a falling knife? Pick a side: A) Follow the big player and ride the wave, or B) The big player’s going to get wrecked too.
$BTC $ETH #Whale