Big Investments in Bitcoin and Ethereum by Crypto Whales, What’s the Impact?

Jakarta, Pintu News – On Monday, April 28, a report from whale tracker showed that a crypto whale had invested large sums in Bitcoin (BTC) and Ethereum (ETH), totaling $110 million.

This purchase was made through an Over-The-Counter (OTC) exchange and has generated a wave of optimism in the cryptocurrency market.

Check out the full news here!

Massive Buying by Crypto Whales

A crypto whale has made a massive purchase, including 600 Bitcoin (BTC) worth $56.7 million and 30,000 Ethereum (ETH) worth $54 million. This transaction was made through the Wintermute OTC exchange. These purchases signal increased interest and buying pressure in the market, which could trigger a rise in the prices of both digital currencies.

This purchase comes amid a growing bullish trend in the cryptocurrency market. Bitcoin (BTC) has seen a rise of over 7% in a week, while Ethereum (ETH) is up almost 9% in the same period. This suggests that there is growing optimism among investors and traders about the potential for further price increases.

Read also: Altcoins Ready for Token Unlock This Week

Analysis from Market Experts

Ali Martinez, a well-known market analyst, recently revealed that since January, around 100 new entities holding more than 1,000 Bitcoin (BTC) have joined the network. This information adds to the bullish sentiment in the market, suggesting that market interaction with Bitcoin (BTC) is increasing along with massive accumulation by whales.

Additionally, Bitcoin’s (BTC) accumulation trend score is starting to approach 1, indicating intense accumulation and strong confidence among holders in the currency. This bullish dynamic has led market watchers to anticipate a phenomenal price increase in the near future.

Read also: Ripple Expands Financial Services with New Custody, What’s the Impact?

Future Projections and Speculations

Ethereum (ETH) purchases by whales are no less important. CoinGape reported last week that crypto whales had amassed $100 million worth of ETH, which also led to similar bullish sentiments about the upcoming price rally. In addition, Ethereum (ETH) price is also expected to increase along with Vitalik Buterin’s proposed Layer-Zero upgrade.

Given this massive buying and projections from experts, the cryptocurrency market seems to be going through a very bullish period. Investors and traders are advised to pay attention to these market dynamics and may consider adjusting their investment strategies accordingly.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Crypto Whale Bets $110M in Bitcoin and Ethereum, Details. Accessed on April 29, 2025
• Featured Image: Generated by Ai