Recently , the encryption market has ushered in a sharp drop. Bitcoin, the largest market capitalization, fell all the way from about $29,500 to below the $ 26,000 mark. The US dollar fell to as low as 1,550 US dollars , and now it has recovered slightly to 1,660 US dollars for consolidation.
The whale bucked the trend and buy the dips 17,901 ETH, worth nearly 30 million magnesium
Although the encryption market has been red in the past few days, according to Lookonchain's news yesterday (21), a whale(address 0x5b..51E ) has successively sent to the cryptocurrency exchanges Binance (Binance) and OKX deposited 10 million USDC and 57 million USDT.
Subsequently, the whale withdrew a total of 17,901 ETH from Binance and OKX in the past 2 days, which is about 29.72 million US dollars in current value. It is speculated that this operation is to take advantage of the buy the dips and buy ETH at a low price at different points.
V God will sell 600 ETH?
It is impossible to have only one-sided operation in the market. If someone buy the dips and picks up the cheap, it means that someone sells during the decline. According to the data on the chain , Vitalik Buterin, the co-founder of Ethereum, first repaid 2.51 billion RAI on Maker and withdrew 1,000 ETH. Then deposited 600 ETH to the exchange Coinbase, speculating that this move is likely to prepare for selling ETH.
