๐ One of the whales made a large purchase of $ETH
The investor decided to take advantage of the Ethereum price decline and bought 60,333 ETH, equivalent to $238 million, with the average price being $4,230.
However, the market continued its correction, and as a result, the whale has an unrealized loss of $16,000,000. The market situation remains unpleasant, but I think we will see a reversal formation very soon.
Bitcoin has accumulated liquidity below $110,000 and is generally poised for a reversal. I expect another small drawdown, just below $108,000, but overall, I expect a positive outcome in the near future.
