Celsius

Falcon

<p style="text-align: justify">While <a href="https://en.coin-turk.com/bitcoin-price-recovers-as-bulls-aim-to-regain-29500-support/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> and altcoins maintain their effective rallies, whale movements continue to pour in. A key aspect of the whales’ maneuvers is that they have secured profits. This situation has shown that the optimism regarding the sentiment of a rise-focused <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">market</a> continues. Each maneuver attracted attention in the world of cryptocurrency. Let’s take a look at two whales’ movements.</p>
<h2 id="celsius-network-s-million-dollar-transfer">Celsius Network’s Million-Dollar Transfer</h2>
<p style="text-align: justify">Celsius Network, in an important move that caught the attention of crypto enthusiasts, deposited an additional 7,500 ETH worth $16,680,000 to Falcon X just six hours ago. This strategic deposit is part of a series of transactions that demonstrate Celsius Network’s proactive and assertive stance in the crypto market.</p>
<p><img decoding="async" class="wp-image-284603 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/falcon-cointurk.jpg" alt="" width="957" height="278"></p>
<p style="text-align: justify">This latest deposit follows a series of accelerated moves reflecting Celsius Network’s determination in decision-making. In the past three weeks, Celsius Network has executed a total transfer of 22,600 ETH worth $47,600,000, all directed to Falcon X.</p>
<h2 id="paradigm-partner-s-significant-accumulation">Paradigm Partner’s Significant Accumulation</h2>
<p style="text-align: justify">In another intriguing move, a massive whale, identified as 0xaa1 and potentially linked to Paradigm partner Samczsun, exhibited a strong bullish stance on ETH. About 10 hours ago, during a dip in ETH prices, the whale strategically purchased 931.1 ETH from <a href="https://en.coin-turk.com/resignations-of-top-binance-executives-could-have-a-major-impact-on-binance-says-stark/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> at a price of $2,228 each. The transaction amounted to $2,070,000.</p>
<p><img decoding="async" class="wp-image-284604 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/paradigm-cointurk.jpg" alt="" width="1786" height="1086"></p>
<p style="text-align: justify">This whale’s bullish approach towards ETH does not end here. Reports suggest that since October 13, the whale has acquired a total of 26,561 ETH from both decentralized exchanges (DEX) and Binance, amounting to approximately $52,300,000. With an average purchase price of $1,969, this significant investment’s estimated unrealized profit currently stands at an impressive level of $7,440,000.</p>
<h2 id="strategic-moves-indicate-expectation-of-a-rise">Strategic Moves Indicate Expectation of a Rise</h2>
<p style="text-align: justify">These strategic maneuvers by crypto whales indicate a prevailing bullish sentiment in the market. The timing of deposit and accumulation transactions during price fluctuations points to a strategic approach to leveraging market dynamics.</p>
<p style="text-align: justify">Since the crypto community closely monitors the activities of major players, these movements serve as a barometer for market sentiment, providing insights into potential trends and investment strategies.</p> <span style="font-weight:bold;font-size:16px">Continue Reading:</span> <a href="https://en.coin-turk.com/watch-out-for-the-whales-strategic-movements-in-the-crypto-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/watch-out-for-the-whales-strategic-movements-in-the-crypto-market/</a>

Watch Out for the Whales: Strategic Movements in the Crypto Market

Table of Contents

COINTURK NEWS

Other articles published on Dec 5, 2023

Circle Collaborates With Stanford To Revolutionize Blockchain Transactions

Italy and South Korea central banks reach agreement on CBDC collaboration

Cardano’s Founder Criticizes Bitcoin and SEC Policies; Ripple Whales Eye Borroe Finance

Bitwise, BlackRock update filings in push for first U.S. spot Bitcoin ETF

Safe Wallet Users Lost $2 Million To Scammers In One Week

Pasca Halving, Analis Ini Prediksikan Harga Bitcoin Jadi US$83.000

Join our free newsletter for daily crypto updates!