An over-the-counter (OTC) whale has been actively purchasing during the recent market downturn, withdrawing 2,500 CBBTC valued at $182.3 million from Coinbase in the last 10 hours. This strategic move is part of a larger accumulation effort, with the whale amassing a total of 4,000 CBBTC worth $296 million and 83,392 ETH valued at $204 million. The aggressive buying indicates a strong belief in the long-term potential of these cryptocurrencies despite current market conditions.
OTC Whale Acquires $478.3M in Bitcoin and Ethereum Amid Market Dip
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
