An early Ethereum investor sold about $188 million worth of ETH, wstETH, and WBTC near $2,040 just before a major market crash, avoiding significant losses. The investor then repurchased ETH at around $1,563, about 23% cheaper, effectively increasing holdings without new capital. This disciplined round trip highlights a strategic approach to volatile markets and suggests potential further accumulation as the wallet still holds large stablecoin reserves. The move is closely watched as a signal for market sentiment amid ongoing uncertainty in crypto prices.
Since the US-Iran conflict began, tech stocks like the Nasdaq 100 have surged over 20%, while major cryptocurrencies such as Bitcoin and Ethereum have declined, with Ethereum dropping 13%. This divergence highlights that crypto is not acting as a saf...
An early Ethereum investor sold $188 million worth of ETH, wrapped staked Ether, and wrapped Bitcoin before the recent market crash, then repurchased similar amounts at lower prices as the market recovered. This strategic move, described as a "perfec...
High-net-worth crypto investors are focusing their portfolios on large-cap tokens like Bitcoin (81%) and Ethereum (79%) amid ongoing market uncertainty, favoring liquidity and stability. Meanwhile, smaller altcoins show extremely low Relative Strengt...
Bitcoin surged from below $60,000 to nearly $63,800 over the weekend, causing a $504 million loss for traders betting against it—the biggest daily short squeeze since April. Total crypto liquidations hit $655 million, affecting over 104,000 traders, ...
Bitcoin surged above $80,000 in early May but then dropped below $60,000 before rebounding to $62,000, raising questions about its traditional 4-year cycle. Galaxy CEO Michael Novogratz argues that Bitcoin isn’t dead but the 4-year cycle may no longe...
