A Bitcoin whale rotated another $113 million worth of Bitcoin into a $240 million spot Ether position after closing part of a previous Ether perpetual long worth almost $300 million.
DBS Bank launched tokenized structured notes on Ethereum, expanding access to crypto-linked investment products for accredited and institutional investors.
The whale had 14,837 Bitcoin worth over $1.6 billion, dating back to purchases from crypto exchanges Binance and HTX over seven years ago.
Ether price shows resilience despite macroeconomic uncertainty, with derivatives steady and onchain activity strengthening the prospect of a recovery.
Bitcoin and Ether are trying to rise from their respective lows, indicating strong buying on the dips.
Spot Bitcoin ETF outflows jumped over 300% to $533 million on Tuesday, while Ether ETFs doubled their losses to $422 million, adding to a three-day streak of withdrawals.
After making nearly $7 million in four months, the trader lost almost all their gains in two days, illustrating the unpredictability of the crypto markets.
Some large traders are raising the stakes and putting money on ETH price avoiding a trip below $4,000 and rebounding toward $4,300 soon.
Bears continue to attack Bitcoin price as it falls closer the the key $110,530 support. Would a bounce lead to a fast recovery in altcoins?
SharpLink bought $667 million in Ether at near-record highs, lifting its holdings to $3.2 billion as institutional ETH accumulation accelerates.