Large Transactions of Cryptocurrency Whales on June 18
Whale activities on cryptocurrency exchanges
On June 18, monitoring data from Onchain Lens showed that many whales made large purchase transactions on large quantity wallet addresses. These large investors have closed positions to scale up, especially in the tokens of the HYPE project and Bitcoin. These transactions reflect the cryptocurrency accumulation strategy of the whales, demonstrating their intention to maintain an advantage in a volatile market.
Buying and selling HYPE tokens and leverage strategy
Among them, the address '0x55' has accumulated 59,719 HYPE tokens at an average price of $38.68, worth approximately $2.31 million. Meanwhile, '0xe6' purchased 53,645 tokens, averaging $39.30 per token. The address '0x26' consumed 37,160 tokens at a price of $40.7, totaling approximately $1.51 million. The whales have also opened long-term leveraged positions, respectively 10x for HYPE and 20x for BTC, indicating their desire to take advantage of high profit margins in positive market movements.
Impact and market trend prediction
These large volume trading activities signal the potential accumulation of whales, which may lead to significant price volatility of HYPE and BTC tokens in the near future. Retail investors need to closely monitor these developments to adjust their investment strategies accordingly and avoid risks from large leverage operations.
Conclusion
The actions of the whales indicate a significant interest in the HYPE project and Bitcoin, especially in the context of a still volatile cryptocurrency market. Investors should consider risk factors while capturing important market signals to optimize profits or protect their portfolio in the near future.
Source: https://tintucbitcoin.com/singapore-whale-hype-phat-trien-don-bay-toi-da/
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