Whale Wallet Counter-Trend Buys $9.76M in WBTC and ETH After Profiting from LUNA Crash
Main Idea
A whale wallet that profited from shorting BTC during the LUNA/UST crash has purchased $9.765 million worth of WBTC and ETH, signaling potential confidence in these assets' near-term performance.
Key Points
1. The wallet acquired 39.57 WBTC at an average price of $117,993 and 1,362.8 ETH at $3,757.25 each.
2. Approximately 643.19 ETH was obtained by swapping WBTC, indicating strategic asset reallocation.
3. The total purchase value of $9.765 million reflects strong conviction in BTC and ETH.
4. The wallet's activity is closely watched due to its past success during the LUNA/UST crash.
5. This accumulation may signal confidence in BTC and ETH’s future performance, potentially indicating market stabilization or an uptrend.
Description
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