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A whale that purchased hundreds of millions of dollars worth of Bitcoin #DeepCreationCamp BTC( and Ethereum )ETH( through OTC has begun to close positions as losses grow, taking a noticeable step back in the market.
According to data shared by the on-chain analysis platform Lookonchain, a large OTC whale that made aggressive purchases at the start of the market decline has raised questions: “Is it giving up?” The whale sold approximately 23,500 Ethereum )ETH( about 9 hours ago, earning $47.77 million, which it used to cover its debts.
The data shows that the investor initially followed a very aggressive strategy during the early phase of the decline. Between January 8 and February 2, the whale bought a total of 163,405 ETH, spending around $440 million on these purchases. The average purchase price was approximately $2,691.
INVESTMENT ADVICE NOT RECOMMENDED
)$BTC $ETH