In the early morning, two giant whales sold 18,000 Bitcoin, converting them into 416,000 Ethereum, and added 135,000 ETH long positions on the contract, which is equivalent to holding over 500,000 Ethereum in total, valued at 26.2 billion USD.

I don't know if this has a direct connection to the recent crash, but there have been increasingly more cases of these giant whales swapping Bitcoin for Ethereum, which is not a rush to cash out and run, but rather a better outlook on the future trends of altcoins.

The overall market is still centered around interest rate cuts, with the main forces repeatedly inserting needles with messages, but the overall support remains relatively stable. I believe we can recover this week. $BTC $ETH $SOL