Institutions are collaborating to smash the market together. Why? Obviously, this is to welcome the Hong Kong Bitcoin and Ethereum spot ETFs that may be approved next Monday! Finally, smash the plate and absorb a wave of bloody chips!
Come and see the ugly face of the dish-smasher!
4 whales/institutions sold more than 31,000 ETH during the market decline, approximately US$106 million
According to news on April 13, according to Lookonchain monitoring, 4 whales/institutions sold 31,683 ETH (approximately US$106 million) during the market decline.
Cumberland deposited 17,206 ETH ($57.3 million) to the exchange address 0xC3f8 Deposited 7,976 ETH ($26.6 million) to Binance address 0x1717 Deposited 4,000 ETH ($13.32 million) to the exchange Alameda/FTX deposited to Binance 2,500 ETH ($8.33 million)
According to Bloomberg: Hong Kong will approve Bitcoin and Ethereum spot ETFs as soon as next Monday
Hong Kong could approve Bitcoin and Ethereum spot ETFs as soon as Monday, according to people familiar with the matter.
According to previous news, in the early morning of April 10, the Hong Kong Securities Regulatory Commission updated the list of virtual asset management fund companies on its official website, adding Harvest International Asset Management Company and China Asset Management (Hong Kong) Co., Ltd., that is, in the original tradition of these public funds In addition to the asset management business, virtual asset management business has been added.