Whale transactions indicate uncertainty in the market
According to on-chain detection from BlockBeats, recent monitoring by HyperInsight reveals significant financial movements by various cryptocurrency whales in the last 24 hours, highlighting a market characterized by opposing strategies.
In terms of large withdrawals, a whale with an address starting with 0x5b5d51 withdrew approximately 54 million USDC. Another whale, with an address starting with 0xB83DE0, withdrew around 32 million USDC. Additionally, a whale with an address starting with 0x97E5b0 withdrew approximately 30.73 million USDC. Within a four-hour window, a whale with an address starting with 0x8607a7 withdrew approximately 10 million USDC, and another with an address starting with 0x418AA6 withdrew around 2.5 million USDC.
In contrast, some whales have been making deposits against the trend. A whale with an address starting with 0x1807cfb deposited approximately 7 million USDC, while another with an address starting with 0xB8B9E3 deposited around 6.12 million USDC. Additionally, a whale with an address starting with 0x4016F1 deposited around 6.94 million USDC.
Furthermore, certain whale addresses have adjusted their contract positions, turning short positions into profitable ones. Notably, a whale with an address starting with 0x4a207d increased its short position in SOL by $835,581.17, achieving an unrealized gain of approximately $1.38 million, with the current liquidation price at $194. Another whale with an address starting with 0x880ac4 has an unrealized gain of approximately $2.19 million on its short position in SOL, while its short position in PUMP has an unrealized gain of approximately $3.01 million.