2024

Bitcoin

Giant

As the selling pressure in Bitcoin continued to increase, the price fell below $ 41,000. This decline in BTC also affected altcoins.
While there were significant withdrawals in altcoins, especially Etheruem, whales took advantage of this decline and did not neglect to buy.
At this point, Lookonchain said that a newly created wallet first purchased BTC.
Accordingly, the whale bought 700 BTC with an average of $ 41,948.
<blockquote>
 “Looks like a whale is buying BTC!
 During the last market decline, a new wallet purchased 700 BTC (worth $29.36 million) from Binance at an average price of $41,948.”
</blockquote>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 It seems that a whale is buying <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>!
 In the recent market drop, a new wallet withdrew 700 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>($29.36M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> at an average price of $41,948.<a href="https://t.co/5kE1l0mJlo" rel="noopener noreferrer nofollow">https://t.co/5kE1l0mJlo</a> <a href="https://t.co/Fj1thu4C6x" rel="noopener noreferrer nofollow">pic.twitter.com/Fj1thu4C6x</a>
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1748248769660100918?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 19, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h2 id="successful-whale-after-finding-the-bottom-and-the-top-started-accumulating-ethereum">“Successful Whale After Finding the Bottom and the Top Started Accumulating Ethereum!”</h2>
Lookonchain said another whale also purchased Ethereum. Accordingly, this whale, who is good at ETH trading, bought 3,600 ETH (worth $ 8.9 million).
<blockquote>
 “After the ETH price dropped, this smart whale bought 3,600 ETH (worth $8.9 million) at a lower price about 5 hours ago.
 This whale is very good at buying ETH at low prices and selling at high prices.
 Its total profits are now approximately $25.8 million!”
</blockquote>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 After the price of <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> dropped today, this smart whale bought 3,600 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>($8.9M) back at a lower price 5 hours ago.
 This whale is very good at buying <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> at low prices and selling <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> at highs.
 The profit is ~$25.8M currently!<a href="https://t.co/UzXbheftr1" rel="noopener noreferrer nofollow">https://t.co/UzXbheftr1</a> <a href="https://t.co/DannZzsQVk" rel="noopener noreferrer nofollow">pic.twitter.com/DannZzsQVk</a>
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1748245949795991962?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 19, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/what-did-giant-whales-do-during-bitcoins-drop-whale-who-is-very-good-at-buying-low-and-selling-high-bought-this-altcoin/" rel="noopener noreferrer nofollow">What Did Giant Whales Do During Bitcoin's Drop? Whale, who is very good at buying low and selling high, bought this altcoin!</a>

What Did Giant Whales Do During Bitcoin's Drop? Whale, who is very good at buying low and selling high, bought this altcoin!

Table of Contents

Bitcoin Sistemi EN

Other articles published on Jan 19, 2024

Solana Mobile Surges with 30,000 Pre-Orders Ahead of New Edition Launch

Australia Charts a Future with Responsible AI: Balancing Innovation and Safety

Fidelity and BlackRock drive surge in U.S. Bitcoin ETF investments

SEC postpones decision on Fidelity’s spot Ethereum ETF

Hut 8 Shares Plunge 23%

Ripple Lawyer Slams SEC for Making Laughable Legal Argument

Join our free newsletter for daily crypto updates!