Reported about 14 hours ago
Following a week of decline, the cryptocurrency market showed signs of recovery, prompting whales to engage in strategic trading of Bitcoin (BTC), Ethereum (ETH), and Ethena (ENA). Significant whale activities were noted in both derivatives and spot markets, with traders alternating between long and short positions. While some whales, like one who had previously shorted BTC, pivoted to bullish strategies, others maintained bearish trends and opened new short positions. Institutional confidence is hinted at by notable purchases, including a $1.5 billion increase in ETH holdings by BitMine, even as certain investors remain cautious.
Source: YAHOO