$BTC Ethereum: Evaluating the impact of the behavior of 110 million dollars from 'whales' on the price of ETH
Beneath the surface, something massive is stirring.
When the market is in consolidation and market sentiment is low, a whale of Ethereum [ETH] has just made a move worth 110 million dollars, quietly buying ETH and Bitcoin [BTC] in a couple of over-the-counter trades with Wintermute.
Experienced traders have recognized this move: smart money could be accumulating.
The 'whales' are accumulating
On-chain data showed a significant transaction from a whale of Ethereum, involving the purchase of 30,000 ETH (54 million dollars) through Wintermute in the over-the-counter market.
This transaction was completed through two transfers of USDC that exceeded 110 million dollars, transferred to Wintermute's over-the-counter trading wallet. Shortly after, this whale wallet received all the cryptocurrency assets.
Despite the overall market remaining cautious, this trend highlights the growing confidence of high-net-worth investors. This quiet accumulation, while not always flashy, often foreshadows significant price volatility.
What kind of insight could this large whale have that other market participants lack?
