Two Bitcoin whales have shifted significant investments to Ethereum over the past two days.
These transactions include selling nearly 4,622 Bitcoin and buying over 82,000 Ethereum along with opening a long position on the Hyperliquid platform, indicating a trend of diversifying the portfolio towards Ethereum.
MAIN CONTENT
4,621.9 Bitcoin was sold for approximately 523.5 million USD.
82,398 Ethereum was bought and stored, valued at approximately 353.65 million USD.
A long position of 135,265 ETH on Hyperliquid, valued at 583.7 million USD, with a liquidation price ranging from 3,487.4 to 3,612 USD.
Why are Bitcoin whales shifting to invest in Ethereum?
The choices of the whales indicate that they believe in the growth potential of Ethereum compared to Bitcoin at this stage. A diverse asset basket helps them seize profit opportunities and mitigate risks.
Selling 4,621.9 Bitcoin valued at 523.5 million USD and buying back over 82,000 Ethereum is a clear signal of a change in investment strategy. Opening a long position on Hyperliquid reinforces positive expectations for Ethereum.
This strategy also aligns with the prevailing trend in the cryptocurrency markets today, where large investors often shift towards widely applicable foundational currencies like Ethereum.
What does opening a long ETH position on the Hyperliquid platform mean?
Opening a long position of 135,265 ETH, equivalent to 583.7 million USD, reflects a positive expectation of Ethereum’s upward trend among professional investors.
The liquidation price ranging from 3,487.4 to 3,612 USD indicates a tightly controlled risk range, effectively leveraging medium-term market fluctuations. This is a common activity among sharks to maximize profits based on in-depth technical analysis.
Hyperliquid is a highly reputable and liquid exchange, so large transactions here somewhat reflect positive market sentiment on Ethereum and confidence regarding liquidity risk.
"The reallocation of assets by cryptocurrency whales from Bitcoin to Ethereum reflects a strategic adjustment in line with the growth trend of the blockchain industry."
– Cryptocurrency market analyst 2024
How much Bitcoin remains in whale wallets?
Currently, there are 84,645 Bitcoin held in 7 wallets, with a total value of approximately 9.55 billion USD. This still represents a significant amount of assets, proving that whales have not completely abandoned the Bitcoin market.
The remaining amount of Bitcoin indicates a balance between not completely withdrawing from Bitcoin and diversifying into other assets like Ethereum to capitalize on new profit opportunities.
Maintaining a large amount of Bitcoin in whale wallets also contributes to stabilizing liquidity and reducing the risk of extreme price volatility in the market.
Frequently Asked Questions
Why do whales often diversify their investment portfolios?
Diversification helps reduce risks and optimize profits when the market fluctuates, based on experience and in-depth analysis.
What impact does large-scale Bitcoin selling have on the market?
Selling at whale scale can create short-term downward pressure but also reflects the long-term strategic movement of potential investors.
What is a long Ethereum position and what benefits does it provide?
A long position is a bet on price increases, helping investors to leverage upward trends and optimize profits on a reputable platform.
What role does the liquidation price play in margin trading?
The liquidation price helps limit significant losses, protecting capital when the market reverses sharply, ensuring safety for investors.
What kind of platform is Hyperliquid in the cryptocurrency market?
It is a high liquidity exchange, widely used by many professional investors to execute large and complex orders.
Source: https://tintucbitcoin.com/2-ngay-2-ca-voi-doi-btc-sang-eth/
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