Whale Appears Bought $1.7 Billion ETH Futures Contract In One Hour

After setting the launch date of The Merge, the ETH community witnessed spectacular transformations. Most recently, there was the largest hourly order in July worth $1.7 billion.

ETH has the largest order in July

The crypto market since last weekend has made an amazing recovery thanks to the momentum from the “leader” Ethereum.

The world’s second largest cryptocurrency welcomes the news that The Merge event is once again “scheduled”, expected to be on the mainnet on September 19-20 if there are no problems. The selling pressure because of negative information from the “liquidity crisis” also eased, creating conditions for the market to recover.

Most recently, someone(s) bought $1.7B worth ETH futures contracts in an hour. It’s 7-month biggest hourly volume in market orders.

This could be a sign that the market may have bottomed, and bullish expectations are emerging among investors.

Ether is also the most powerful big cap coin in the past 1 week. Specifically, from a low of $1,006 on July 13, on the morning of July 19 has “built a column” to $ 1,631 – equivalent to an increase of 62.1%.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Foxy

CoinCu News