Short BTC/Long ETH
Ethereum outperforms Bitcoin
Expectations for Bitcoin ETF approval are rising, and eyes are currently on Ethereum, which is presently outperforming Bitcoin at the moment.
A crypto whale, or a large holder with a significant amount of cryptocurrency, just made a large purchase of 4,677 ETH, valued at roughly $11 million, according to data from Lookonchain.
This whale appears to be bullish on ETH and bearish on BTC, according to Lookonchain. Surprisingly, the whale exchanged his wrapped Bitcoin for Ethereum, borrowing 241 WBTC worth $11 million from Aave, which he exchanged for 4,677 ETH. While the real intentions of the whale remain unknown, indications point to the fact that the whale expects the price of ETH to rise shortly.
Read more on U.Today u.today/ethereum-whale-snaps-up-4677-eth-in-bold-bet-details
Expectations for Bitcoin ETF approval are rising, and eyes are currently on Ethereum, which is presently outperforming Bitcoin at the moment.
A crypto whale, or a large holder with a significant amount of cryptocurrency, just made a large purchase of 4,677 ETH, valued at roughly $11 million, according to data from Lookonchain.
This whale appears to be bullish on ETH and bearish on BTC, according to Lookonchain. Surprisingly, the whale exchanged his wrapped Bitcoin for Ethereum, borrowing 241 WBTC worth $11 million from Aave, which he exchanged for 4,677 ETH. While the real intentions of the whale remain unknown, indications point to the fact that the whale expects the price of ETH to rise shortly.
Read more on U.Today u.today/ethereum-whale-snaps-up-4677-eth-in-bold-bet-details
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