A mysterious crypto whale with a perfect trading record has made significant moves in the market, securing $16.5 million in profits by taking long positions on Ethereum (ETH) and Bitcoin (BTC) just before the release of September's Consumer Price Index (CPI) data. The trader increased their long position to 33,270 ETH, valued at $132 million, and opened a four times leveraged long on 680 BTC, worth $75.8 million.
The CPI data, released on October 24, indicated a 0.3% monthly increase and a 3% year-over-year rise, with core CPI also up by 0.2% monthly and 3% annually. This softer-than-expected inflation report spurred a modest rally in the crypto market, with Bitcoin rising 2.2% and Ethereum climbing 3.11% within 24 hours.
Crypto Whale Profits $16.5M on Ethereum and Bitcoin Ahead of CPI Data
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