Crypto Whale Buy $177M for BTC & ETH Before Bitcoin Halving
On-chain analytics company Lookonchain don report say wallet 0xd8d0 don do crypto whale accumulation of 893 BTC and 20,000 ETH—total of about $177 million—inside just five hours. Dis crypto whale buy na beta sign for market, e dey driven by Bitcoin halving event, Ethereum Dencun upgrade, macroeconomic uncertainty wey dey make people dey use crypto hedge, and expected institutional inflows through spot ETFs. As e move money from exchanges go cold storage, the whale fit make the circulating supply tight and push price go up for both BTC and ETH. Traders wey dey follow dis crypto whale move suppose dey monitor on-chain data and metrics, check supply tightness, and combine dis information with technical analysis before dem trade.
Bullish
Di big big buy of 893 BTC and 20,000 ETH by di crypto whale fit mean say both assets go rise. For short time, to move big money from exchange go reduce wetin dey available, fit make price rise quick quick. For long term, dis kind accumulation before Bitcoin halving and Ethereum scalability upgrade show say investors strong, and e expect say institutions go bring money enter through spot ETFs, wey go make di uptrend strong. But traders suppose check technical signals well and dey careful for market wahala.