After switching from short to long on ETH and bottom-fishing, the whale/institution that previously shorted ETH by borrowing coins has once again transferred 100 millions USDC to an exchange.
According to ChainCatcher, on-chain analyst Yu Jin monitored that the "whale/institution that previously shorted 66,000 ETH for a profit of $23.31 million" has recently switched from short to long and bottom-fished ETH, and just now transferred 100 million USDC into a certain exchange.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
10.19 Zhang Lihui: Today's Latest Analysis and Trading Suggestions for Ethereum (ETH)!
A "perfect financial storm" more severe than 2008 is brewing? 'Dr. Doom' warns: $8.3 trillion in low-interest mortgages have already suffered $2 trillion in paper losses.
Peter Schiff warns that a "perfect financial storm" more severe than 2008 is brewing.
Morgan Stanley bullish on Apple (AAPL.US): First foldable iPhone Duo sees strong pre-orders, with delivery period reaching a 14-week ten-year record
Apple (AAPL.US)'s first foldable smartphone, the iPhone Duo, demonstrated strong early demand on its first day of pre-orders.
Crypto prices
More
