Bittime -The crypto asset market has been shocked again by the bold actions of a giant financier aka "Whale" who recently carried out massive transactions withEthereum (ETH).
In recent trading history, the financier known as the "whale" previously experienced a large loss of US$4 million due to a leveraged long position.
However, like any heart-stopping story, this whale returned to the trading stage stronger and managed to achieve an impressive profit of US$70,000.
The Whale Makes Profits, Bearish Phase Begins?
According to a report from Deep Tide TechFlow, monitored by Ai Ai, an analyst at blockchain, the whale just recharged a total of 3,600 Ethereum (worth 11.53 million US dollars) to Binance in the last hour. From Binance , the funds are then transferred into USDT.
The average price of longs taken by these giant financiers is $3176. Currently, the profit from selling part of his assets reached $70,000, while the remaining part still had a floating profit of $150,000.
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The Impact of Whales on the Crypto Market
This event became a major highlight in the crypto asset market, not only because of the large number of transactions, but also because of its significant impact on the price of Ethereum and overall market stability.
Even though whale activity is often the focus of attention, it is still a matter of debate among experts whether the whale's actions indicate optimism or simply a more speculative playing strategy.
Experts' Views on Whales
In a number of interviews, several crypto finance experts argued that the presence of whales in the market is a common phenomenon, and does not always reflect the direction or sentiment of the market as a whole.
However, still, this whale's actions remind us of the complexity and risks involved in trading crypto assets , especially when using high leverage.
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Ethereum (ETH) Price Increase
Following this event, the crypto asset market will continue to be closely monitored by market players and observers. Even though the whale's success provides positive sentiment in the short term, its long-term impact remains a big question for investors and market observers.
Meanwhile, Ethereum itself has shown signs of a fairly steady rise in recent weeks, with many factors contributing to its positive performance.
A number of technological developments, such as the implementation of Ethereum 2.0 and the growth of decentralized applications (dApps), have been key drivers for price growth and investor interest in these platforms.
Conclusion
Thus, the presence of giant investors like whales can be an important indicator for market players in planning their investment strategies.
However, it is important to remember that every action in the crypto asset market is always accompanied by risk, and a deep understanding of the market and careful analysis remain the keys to success in this investment.
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How to Buy Bitcoin (BTC) on Bittime
You can buy and sell Bitcoin (BTC) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Bitcoin (BTC) is available on Bittime with the market pair BTC/IDR . To be able to buy BTC/IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Bitcoin (BTC) on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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