Bitcoin Whale Made Massive Transfers Of $1.3B In BTC And Took $390M Profit
Key Points:
- A prominent investor transferred 11,000 BTC worth $330 million to Bitfinex and currently holds 10,042 BTC worth $304 million.
- An investor seems bullish on the Ethereum Shanghai upgrade and LSD tokens and borrowed 1,500 ETH and 300,000 USDC to invest in them.
- Dragonfly Capital transferred $1.05 million LDO to Binance and currently holds $20 million, providing valuable information for traders interested in shorting LDO.
A large Bitcoin investor transferred 11K BTC worth $330M to crypto exchange BitFinex on Wednesday and currently holds $304M. Dragonfly Capital transferred $1.05M LDO to Binance and currently holds $20M.
According to Lookonchain, a large investor transferred 11,000 bitcoin (BTC) worth $330 million to Bitfinex and subsequently transferred 36,500 BTC ($1 billion) to the same exchange at a price of $28,039. The whale also received 46,542 BTC worth $935 million from Bitfinex at an average price of $20,083 and currently holds 10,042 BTC worth $304 million.
At the time of writing, Bitcoin is trading at $ 29,976, roughly flat over the past 24 hours.
In addition, Lookonchain also reported an investor borrowed 1,500 ether (ETH) from Aave and exchanged it for 1,503.75 stETH, and borrowed 300,000 USDC to buy 6,959 RPL at a price of $43.11. The investor seems to be bullish on the Ethereum Shanghai upgrade and LSD tokens.
Dragonfly Capital transferred 461,000 LDO worth $1.05 million to Binance and currently holds 8.62 million LDO worth $20 million.
These transactions show the large-scale investments that are taking place in the cryptocurrency market. The investor’s bullishness on Ethereum and LSD tokens could indicate a positive sentiment towards these assets. However, it is essential to note that investing in cryptocurrency carries risks and investors should always conduct thorough research before making investment decisions.
It is also worth noting that the whale’s transaction history can provide valuable information for traders interested in shorting LDO. By paying attention to the investor’s address, traders can anticipate potential selling pressure that could cause the price of LDO to fall.
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 us to keep track of news: https://linktr.ee/coincu
Thana
Coincu News
Author
Bitcoin
Bitcoin Whale Made Massive Transfers Of $1.3B In BTC And Took $390M Profit
Key Points:
- A prominent investor transferred 11,000 BTC worth $330 million to Bitfinex and currently holds 10,042 BTC worth $304 million.
- An investor seems bullish on the Ethereum Shanghai upgrade and LSD tokens and borrowed 1,500 ETH and 300,000 USDC to invest in them.
- Dragonfly Capital transferred $1.05 million LDO to Binance and currently holds $20 million, providing valuable information for traders interested in shorting LDO.
A large Bitcoin investor transferred 11K BTC worth $330M to crypto exchange BitFinex on Wednesday and currently holds $304M. Dragonfly Capital transferred $1.05M LDO to Binance and currently holds $20M.
According to Lookonchain, a large investor transferred 11,000 bitcoin (BTC) worth $330 million to Bitfinex and subsequently transferred 36,500 BTC ($1 billion) to the same exchange at a price of $28,039. The whale also received 46,542 BTC worth $935 million from Bitfinex at an average price of $20,083 and currently holds 10,042 BTC worth $304 million.
At the time of writing, Bitcoin is trading at $ 29,976, roughly flat over the past 24 hours.
In addition, Lookonchain also reported an investor borrowed 1,500 ether (ETH) from Aave and exchanged it for 1,503.75 stETH, and borrowed 300,000 USDC to buy 6,959 RPL at a price of $43.11. The investor seems to be bullish on the Ethereum Shanghai upgrade and LSD tokens.
Dragonfly Capital transferred 461,000 LDO worth $1.05 million to Binance and currently holds 8.62 million LDO worth $20 million.
These transactions show the large-scale investments that are taking place in the cryptocurrency market. The investor’s bullishness on Ethereum and LSD tokens could indicate a positive sentiment towards these assets. However, it is essential to note that investing in cryptocurrency carries risks and investors should always conduct thorough research before making investment decisions.
It is also worth noting that the whale’s transaction history can provide valuable information for traders interested in shorting LDO. By paying attention to the investor’s address, traders can anticipate potential selling pressure that could cause the price of LDO to fall.
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 us to keep track of news: https://linktr.ee/coincu
Thana
Coincu News
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