Ethereum

Chainlink

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 Crypto whales are buying up the correction in digital assets markets, according to blockchain tracking firm Lookonchain.
 Lookonchain says that as Ethereum dipped in price, a “smart whale” with a solid track record of profitable trades bought up the dip with over 3,600 ETH.
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 “After the price of ETH dropped [on Friday], this smart whale bought 3,600 ETH ($8.9 million) back at a lower price…
 This whale is very good at buying ETH at low prices and selling ETH at highs.
 The profit is ~$25.8 million currently!”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GEMEN7YakAASkoL?format=jpg&amp;name=large" alt="Image" width="919" height="728">
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 Source: Lookonchain/X
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 At time of writing, ETH is trading at $2,470.
 Lookonchain also spotted a whale scooping up decentralized oracle provider Chainlink (LINK) as it dipped to the $14.81 level.
 After the price of LINK dropped [on Friday], a whale spent $8.9 million to buy 601,949 LINK at $14.81 with three new wallets.
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GEL4htDasAAwJzQ?format=jpg&amp;name=4096x4096" alt="Image" width="848" height="414">
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 Source: Lookonchain/X
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 The price of LINK appeared to have stabilized after the large whale purchase. At time of writing, LINK is trading for $15.53.
 Looking at Bitcoin, the on-chain data tracking firm says that a crypto whale withdrew nearly $30 million worth of BTC from crypto exchange Binance as the price fell below the $42,000 level.
 “It seems that a whale is buying BTC!
 In the recent market drop, a new wallet withdrew 700 BTC ($29.36 million) from Binance at an average price of $41,948.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GEMG6CobYAAu9d6?format=jpg&amp;name=4096x4096" alt="Image" width="2112" height="1024">
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 Source: Lookonchain/X
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 At time of writing, BTC is trading for $41,570.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-whales-taking-advantage-of-bitcoin-ethereum-and-chainlink-dips-according-to-lookonchain-tbt77234.html">https://thebittimes.com/crypto-whales-taking-advantage-of-bitcoin-ethereum-and-chainlink-dips-according-to-lookonchain-tbt77234.html</a>

Crypto Whales Taking Advantage of Bitcoin, Ethereum and Chainlink Dips, According to Lookonchain

TheBitTimes

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