The unrealized profits of Bitcoin whales are back after 7 years with a strong increase in Ethereum trading.
Bitcoin whales have just publicly traded ETH and achieved record unrealized profits after Ethereum reached a new peak, with total unrealized profits over 4 days reaching 120 million USD.
MAIN CONTENT
BTC whales stopped trading for 7 years before trading ETH and made a profit of 50 million USD from spot.
The long position in ETH futures accumulated 650 million USD and made a profit of 70 million USD.
5 whale addresses collectively hold over 135,000 ETH.
Which Bitcoin whale has publicly traded ETH after 7 years and what are the profits?
The Bitcoin whale that had been 'dormant' for 7 years has just publicly traded Ethereum and achieved new unrealized profits. The total profit of this individual after 4 days reached 120 million USD.
Details show that this whale holds a large amount of ETH in the spot market and derivatives with significant profits. The price breakout of ETH has helped the whale realize impressive profits, demonstrating investment experience and tight risk management strategies.
This is evidence of the influence and role of whales in directing significant price volatility in cryptocurrencies like Ethereum.
Detailed data on BTC whales' spot and ETH contracts
Whales are holding 105,599 ETH in the spot market with an average investment cost of 4,284 USD/ETH, achieving unrealized profits of 50.03 million USD.
At the same time, the long position on futures contracts reached up to 650 million USD with accumulated profits of approximately 69.99 million USD. 5 wallet addresses hold a total of 135,265 ETH, indicating strong coordination and large-scale trading.
The increase in Ethereum prices strongly supports these large positions, while also highlighting the market analysis experience and asset management of investors.
The return and public trading with large volumes, along with high unrealized profits, demonstrate the significant influence of whales on the cryptocurrency market's volatility.
– Cryptocurrency finance expert, 2023
Which investment strategy has helped this whale optimize profits?
BTC whales have applied diverse strategies in both the spot market and derivatives to maximize the price volatility of Ethereum. Holding a large amount of ETH for the long term at a low cost helps optimize unrealized profits when prices rise sharply.
Additionally, using long positions in derivatives increases financial leverage, enhances profit margins, and capitalizes on positive market trends. The coordination of 5 wallet addresses indicates a strategy of risk diversification and enhanced control.
The influence of whales on the Ethereum and cryptocurrency markets
Whales with large trading volumes and holdings of ETH can create short-term price volatility and influence the overall trend of the Ethereum market. Their trading activities are often closely monitored by investors to predict the next direction.
Moreover, the weight of assets and trading strategies of whales also create psychological effects, attracting new capital flows or causing volatility when they buy/sell in bulk.
Frequently Asked Questions
How much ETH do Bitcoin whales hold in recent trades?
The total amount of ETH held by whales through spot and contracts is over 240,000 ETH, of which 105,599 ETH belongs to spot and 135,265 ETH through contract addresses.
How much are the unrealized profits of BTC whales over 4 days?
In 4 days, whales made a total of 120 million USD in unrealized profits, including 50 million USD from spot and approximately 70 million USD from ETH derivatives.
Which investment strategies help whales optimize profits?
Whales combine long-term holding in the spot market with low costs and long positions in derivatives, leveraging and benefiting from rising price volatility.
How do whales influence the cryptocurrency market?
Whales create price volatility and influence market psychology thanks to the large trading volumes and assets they hold.
Why is the public trading of ETH by whales noteworthy?
This is an important signal indicating market trends and strategies of large investors, affecting Ethereum price movements.
Source: https://tintucbitcoin.com/ca-voi-btc-chuyen-sang-eth-kiem-120-trieu-usd/
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