Whales aren’t buying the dip—they’re selling altcoins and buying BTC and ETH
A $62.97 million ETH buy appeared on-chain this week, and many thought a whale was buying the dip. But it later emerged that the buying address may be linked to a crypto hack. The transaction may have been intended to move funds, so it shouldn’t be treated as a bullish signal.
What’s really worth watching is where the money is flowing: a whale sold 1.02 million SOL, worth about $104 million, and another address transferred 1.49 million SOL to an exchange. Large transfers of AAVE, WLD, and HYPE to exchanges were also observed.
Meanwhile, Tether added 50,000 BTC to its holdings, while companies including Strategy, Strive, Block, and Coinbase also increased their BTC positions. Some funds bought ETH at lower prices.
In short, big-money investors weren’t buying the dip across the board this week. They were adjusting their portfolios: reducing altcoin holdings and increasing BTC and ETH. Following the flow of funds is more important than fixating on a single whale buy.
#BTC #ETH #SOL #巨鲸动向 #OnChainData
A $62.97 million ETH buy appeared on-chain this week, and many thought a whale was buying the dip. But it later emerged that the buying address may be linked to a crypto hack. The transaction may have been intended to move funds, so it shouldn’t be treated as a bullish signal.
What’s really worth watching is where the money is flowing: a whale sold 1.02 million SOL, worth about $104 million, and another address transferred 1.49 million SOL to an exchange. Large transfers of AAVE, WLD, and HYPE to exchanges were also observed.
Meanwhile, Tether added 50,000 BTC to its holdings, while companies including Strategy, Strive, Block, and Coinbase also increased their BTC positions. Some funds bought ETH at lower prices.
In short, big-money investors weren’t buying the dip across the board this week. They were adjusting their portfolios: reducing altcoin holdings and increasing BTC and ETH. Following the flow of funds is more important than fixating on a single whale buy.
#BTC #ETH #SOL #巨鲸动向 #OnChainData