#BotOrNot MIDWEEK DIGEST: Ethereum Hits Lows, Whale Loses $308M, Trump’s Bitcoin Reserve (again) and more...*
Big moves, bold bets, and some serious shake-ups in the market this week. From policy changes to high-stakes trades, here's what's turning heads in the crypto world:
*🔹 Ethereum Hits Multi-Year Lows*
Ethereum (ETH) continues to drop against Bitcoin (BTC), reaching its lowest point since 2020 at a ratio of 0.02281. Analysts warn of further declines, possibly up to 30%.
While Ethereum faces competition from rivals like Solana, Bitcoin’s dominance remains strong at 62.15%, leaving Bitcoin in control for now. Traders are cautious, considering shifts to stronger altcoins.
*💸 Crypto Whale Liquidated for $308M in Ethereum Trade*
A crypto whale just lost $308M on a 50x leveraged Ethereum trade. Liquidated at $1,877, they had swapped all their Bitcoin for Ethereum, hoping for a big win. But with rising market volatility and global tariff concerns, the risk didn’t pay off. Leverage trading is no joke.
*💰 Trump’s Bitcoin Reserve*
Trump signed an executive order to create a Strategic Bitcoin Reserve, officially recognizing BTC as a key asset. But there’s a catch — it only includes seized Bitcoin, with no new purchases. Markets dipped 5%, and debates sparked over its real impact. Smart policy or political move?