Analysis of the activities of ETH and USDC whales on-chain data
Notable activities of cryptocurrency whales
According to the latest report, a whale or large organization in the cryptocurrency market has conducted several special trading activities in the past 11 days. In particular, this whale has realized over 30 million USD in profits from two waves of ETH, demonstrating a deep market analysis ability and reasonable profit-taking strategy.
Recent transactions show that this organization converted 30.05 million USDC into 13,498 ETH. Previously, from June 11, they purchased a total of 336 million USDC in exchange for 132,000 ETH at a total cost of over 2.54 million USD. Currently, the loss is fluctuating around 39.76 million USD, reflecting the unpredictable volatility of the cryptocurrency market.
Details of whale trading activities and strategies
On-chain data analysts say this whale has stockpiled a large amount of USDC to buy ETH, indicating predictions of the next price uptrend. This strong buying move by the organization during market volatility shows they are relying on technical analysis and long-term predictions.
Assessing cumulative losses not only reflects the effectiveness of the strategy but also helps individual investors shape appropriate decisions in a volatile market situation. In particular, the conversion of investments from USDC to ETH is evidence of the whale's strategy to take advantage of the price dips.
The impact of whale activities on the cryptocurrency market
Whale activities during this time can significantly affect the sentiment of retail investors. When whales convert large amounts of USDC stablecoin into ETH, it indicates that they predict the market will recover or continue to grow.
This creates a positive trend, encouraging retail investors to closely monitor whale actions to make appropriate decisions. In the context of global volatility, the trading strategies of large organizations are the backbone indicators for cryptocurrency market trends in both the short and long term.
Conclusion: Identifying opportunities and risks from whale actions
Witnessing the activities of whales recently, investors need to carefully consider the risk factors and opportunities. Monitoring large transaction chains helps predict market trends and make reasonable investment decisions, minimizing losses and optimizing profits.
The cryptocurrency market is always fraught with volatility. However, the emergence of whales with clear strategies is the key for long-term investors to identify the right timing to enter or exit positions.
Source: https://tintucbitcoin.com/ca-map-eth-kiem-hang-chuc-ty-sap-them-30-trieu-usd/
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