The market has experienced another bloodbath over the past two days. Following the decline in Bitcoin (BTC) and altcoins, liquidations reached billions of dollars, while BTC fell below $100,000 and Ethereum (ETH) fell to $3,000.
Some investors see this decline as a buying opportunity and buy more, while others continue to sell.
At this point, cryptocurrency analysis platform Lookonchain said that MARA Holdings sold $236 million worth of BTC after steady accumulation.
According to data from Lookonchain, Nasdaq-listed Bitcoin mining company MARA Holdings, a frequent buyer of BTC, has suddenly started selling its BTC holdings.
Over the past 12 hours, addresses believed to belong to MARA Holdings transferred a total of 2,348 BTC (worth approximately $236 million) to various platforms including FalconX, 2Prime, Galaxy Digital, and Coinbase Prime.
Following these transactions, MARA Holdings still holds 53,250 BTC worth approximately $6.17 billion.
Ethereum Whales Are Accumulating!
While Mara Holding is attracting attention with its Bitcoin transaction, Ethereum whales are taking advantage of the huge drop in ETH.
According to Lookonchain data, five Ethereum whales capitalized on the recent market decline by amassing 323,523 ETH worth $1.12 billion over the past two days, at an average purchase price of $3,469.
*This is not investment advice.
Continue Reading: The Corporate Whale That Always Bought Bitcoin (BTC) Suddenly Changed Its Mind and Started Selling! – Ethereum Whales Defy the Drop and Purchase $1 Billion!
