Market Heating Up, On-chain Whale Shows Divergence: Iron Bulls Buy More on the Rise, Opportunistic Traders Take Profit at Highs
BlockBeats News, January 28th, last night this morning, the crypto market continued its rebound momentum, with Bitcoin holding above $89,000 and Ethereum breaking through $3,000. During this period, there was a significant divergence in the on-chain movements of whales, as summarized by BlockBeats:
On the one hand, the Iron Multi-Army represented by the "BTC OG Insider Whale" continued to accumulate during the rebound, including:
The "BTC OG Insider Whale" added over 19,973 ETH in a 5x long position this morning, with a total position value of up to $758 million and a reduced floating loss of $30.79 million.
The "Buddy" once again recharged 225,000 USDC, increased its ETH and HYPE long positions. As of the time of writing, its total position value reached $20.53 million, with a nearly $1 million floating profit.
After Ethereum rebounded above $3,000, Trend Research under Yiliahua borrowed $80 million USDT from Aave to deposit into Binance and may further increase its ETH position.
On the other hand, Smart Money, which accumulated $98.18 million in profit through ETH scalping trades, deposited 10,000 stETH to Wintermute 3 hours ago, worth $30.12 million, and then received 30.03 million USDC, possibly completing a sell-off.
Last night, three 1INCH investor addresses sold 36.36 million 1INCH tokens ($5.04 million).
This week is the Federal Reserve FOMC meeting week. Some analysts have pointed out that FOMC interest rate weeks are usually accompanied by high Bitcoin volatility and downside risks. Even if the market remains optimistic due to rate cut expectations before the meeting, the post-announcement reaction is mostly bearish. Investors need to carefully manage their positions.
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