Massive Bitcoin (BTC) and Altcoin Whales Swing During the Drop! Here's What They're Buying and Selling!

Just when Bitcoin (BTC), Ethereum (ETH) and altcoins were about to fully recover, a new wave of decline is coming and sharp declines are experienced.

One of these sharp declines occurred last night, with BTC falling to the $103,000 level.

The recent decline in Bitcoin and altcoins has also mobilized whales, with some whales selling in panic and others buying at the bottom.

According to Lookonchain’s post, the whale, which first earned $192 million by opening short trades during the crash on October 11, resurfaced in the latest decline.

The whale known as the “Hyperliquid whale” opened a long position after yesterday’s drop. According to on-chain data, the whale opened a 3x long position in Bitcoin and Ethereum.

Another whale, “Whale0x4F12,” deposited 500,000 USDC into HyperLiquid and opened a 3x long position for 1.53 million ASTER (worth $1.48 million). The liquidation price was reported as $0.7188.

However, the giant whale named Owen Gunden deposited 1,289 BTC worth $138.2 million to Kraken.

Seeing the market decline as a buying opportunity, the mysterious whale “7 Siblings” spent 52.47 million USDC in the last 12 hours and bought 14,254 ETH at a price of $3,681.

On the other hand, the whale with the address “0x1b57” lost $2.15 million by selling the 5,570 ETH he bought for $19.56 million 5 days ago!

Again, according to Lookonchain data, multiple whales purchased BTC in the last 6 hours.

” Whale 37BnFf, who has been dormant for a year, withdrew 800 BTC (worth $85.5 million) from Binance and OKX.

• A new wallet, 3Qus8D, withdrew 190 BTC (worth $19.76 million) from Binance.

• Whale bc1qr9 withdrew another 174 BTC (worth $18.64 million) from Binance 6 hours ago and currently holds 3,036 BTC (worth $315 million).

*This is not investment advice.