Whale Accumulates Massive Crypto Amid Market Turmoil

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%.