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Showing posts with the label cryptocurrency markets

Ethereum Rally Not Fueled By Bitcoin Dump, On-Chain Signals Show

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Crypto trader earns $2M in 50 mins with monster insider trade

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As the cryptocurrency markets continue to hemorrhage capital, one whale investor has once again turned the current volatility into a multimillion-dollar payday in minutes. Specifically, the unidentified whale pocketed $2.15 million in just 50 minutes by leveraging a high-risk, high-reward approach, according to data shared by crypto on-chain analytics platform Lookonchain on March 10. Crypto whale transaction. Source: Lookonchain The trade details indicate that the trader executed a well-timed long position on Ethereum (ETH) using 50x leverage. In about 50 minutes, they sold 947 ETH for $1.95 million USDC and immediately deposited the funds into Hyperliquid, a decentralized derivatives exchange. Picks for you Bitcoin just made the biggest weekly price drop in history 2 hours ago ...