LLarge investors with thousands of Bitcoin (BTC) and Ethereum (ETH) holdings have begun dumping their assets in search of more lucrative investment possibilities. Notably, several Bitcoin (BTC) whales have been spotted selling their BTC assets amid the current downtrend in the cryptocurrency market.
Many of these large investors are shifting their attention to innovative projects such as: ETFS Wap (ETFS). Among other things, this trading platform allows users to trade Spot His Bitcoin ETFs, the asset class that was the main driver of Bitcoin's new all-time highs.
Selling Bitcoin (BTC) held by large investors
Lookonchain, a blockchain data analysis platform, has revealed large-scale Bitcoin transactions carried out by crypto whales. X (formerly Twitter) data analysis platform revealed that an anonymous crypto whale panic-sold approximately 1,200 BTC worth $75.55 million.
According to Lookonchain, the large investor liquidated his holdings at a significant loss, and the current value of the assets was less than the original purchase price.
Lookonchain revealed that when Bitcoin prices fell 7% on March 16, its investors had purchased 1,332 Bitcoin (BTC) worth $90.8 million at the time of the decline. However, at the beginning of March 19th, the same crypto whale initiated a similar BTC trade and released 630 BTC worth $39.8 million in another loss.
This consistent loss highlights the risks associated with fear of missing out (FOMO) buying and panic selling. At the time of writing this article, the price of Bitcoin is transaction According to CoinMarketCap, the price is $63,534.
Ethereum whale suffers losses after selling ETH tokens
In another X post, Lookonchain revealed The Ethereum (ETH) whale is said to reflect the selling pressure observed among Bitcoin (BTC) whales. Notably, the crypto whale recently released around 10,701 ETH worth $33 million.
According to Lookonchain, the investor sold his Binance holdings to pay off debt, resulting in a loss of more than $4 million. This trade marked the second time this particular whale lost money by going long on Ethereum (ETH) and selling during a bearish period.
Previously, on March 25th, the crypto whale had deposited 11,275 Ethereum (ETH) tokens worth approximately $37.4 million on Binance. This transaction resulted in the same whale recording a significant loss of approximately $500,000.
the current, Ethereum (ETH) price was $3,086, reflecting a 13.89% decline over the past month.
ETFSwap (ETFS) expects whale inflows amid disappointing market performance
As the crypto market continues its downward momentum, this presents an opportunity for investors suffering financial losses to pursue other safer and more lucrative investment avenues within the crypto space.
Within the industry, the advent of spot Bitcoin ETF trading has provided retail and institutional investors with the opportunity to earn significant profits from their investments.
Unlike crypto exchanges like Binance, which mainly offer crypto trading, ETFS Wap (ETFS), The groundbreaking DeFi platform allows users to seamlessly trade both cryptocurrencies and ETFs, potentially giving them access to the huge amount of money flowing into this developing asset class.
ETFSwap (ETFS) provides market-making and perpetual trading services to ensure traders have access to ETFs in a variety of sectors, including high-value industries such as technology, energy, and healthcare. Additionally, investors have the potential to magnify their profits with up to 10x leverage on all trades, available only on ETFSwap (ETFS).
The platform incorporates all the key principles of traditional finance and the DeFi ecosystem, allowing users to trade with the best features and cutting-edge tools. Investors can track the performance of the ETFs they trade and monitor market movements and asset value fluctuations on a single, decentralized platform.
moreover, ETFS Wap (ETFS) It integrates blockchain technology to provide users with a secure and reliable trading environment. Cyberscope, a leading cybersecurity and blockchain auditing firm, also audited the platform.Audit results revealed There are no technical flaws in ETFSwap (ETFS)'s underlying infrastructure or security measures.
Due to the robust security and anonymity protocols of ETFSwap's trading system, large numbers of crypto whales are flocking to the ongoing pre-sale where they can purchase large quantities of ETFS tokens and access the vast investment opportunities available on this platform. I can.
Currently, more than 10% of the ETFS token supply, over 18.8 million tokens, have been sold in the first pre-sale phase. Unlike Bitcoin (BTC) and Ethereum (ETH), which often require a large initial investment before generating potential profits, investors can acquire ETFS tokens for as low as $0.00854, making them more It can be a cheaper and more valuable investment option. The price of the cryptocurrency is expected to rise to $0.01831 in the second phase of the upcoming pre-sale.
For more information on the ETFS presale, please see below.
Access ETFSwap Presale
Join the ETFSwap community
Disclosure: This is a sponsored press release. Always do your research before purchasing any cryptocurrency or investing in any project. Read the full disclosure here.
