Whale Accumulates Massive Crypto Amid Market Turmoil
Main Idea
A cryptocurrency whale made a massive purchase exceeding $200 million in Bitcoin and Ethereum amid market turmoil, while the market experienced significant liquidations and price drops following U.S. President Donald Trump's announcement of new tariffs.
Key Points
1. A whale labeled '0xd8d0…' purchased 893 Bitcoin and 20,000 Ethereum, totaling over $200 million, using $178.36 million in USDC on exchanges Wintermute and Coinbase.
2. Futures markets saw liquidations totaling $628 million during the same period.
3. U.S. President Donald Trump announced new tariffs ranging from 19% to 39% on multiple countries, increasing market uncertainty and selling pressure.
4. Bitcoin's price dropped from a peak of $122,800 to $114,300, while Ethereum fell to $3,605, wiping out $186.55 million in holdings on Binance.
5. Whales withdrew $900 million worth of ETH from centralized exchanges into cold wallets by July, and the 'new investor dominance' metric dropped from 65% to 30%.
Description
Cryptocurrency market shook as Bitcoin and Ethereum faced severe value drops. An unknown whale wallet executed large crypto purchases worth over $200 million. Continue Reading: Whale Accumulates Massive Crypto Amid Market Turmoil The post Whale Accumulates Massive Crypto Amid Market Turmoil appeared first on COINTURK NEWS .
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