Although the cryptocurrency market experienced a black hole in the "Bitcoin spot ETF pass" last night, the entire market seems to have regained confidence. Not only did BlackRock CEO explain the fake news in Larry Fink that he had heard demand for cryptocurrencies from customers around the world; ArkInvest CEO Cathie Wood also shouted that multiple Bitcoin spot ETFs would be approved
Although the cryptocurrency market experienced a black hole in the "Bitcoin spot ETF pass" last night, the entire market seems to have regained confidence. Not only did BlackRock CEO explain the fake news in Larry Fink that he had heard demand for cryptocurrencies from customers around the world; ArkInvest CEO Cathie Wood also shouted that multiple Bitcoin spot ETFs would be approved.
And the data on the chain also shows that the next wave of major market trends may be coming soon, and multiple major players have released signals of speculation. Bitcoin (BTC) is currently trading at $28250, while Ethereum (ETH) is currently trading at $1592, up approximately 3.4% and 1.8% in the past 24 hours, respectively.
Ethereum co founder VitalikButerin's charitable organization Kanro transferred 15.43 million USDCs to its wallet address vitalik.eth, of which approximately 500000 USDCs were deposited into Coinbase on October 14, and 14.93 million USDCs were transferred to Gemini on October 16.
Although it is currently unclear what the purpose of V God's transfer of millions of USDCs is, in general, the transfer of large US dollar stable currency to the exchange usually implies a signal of speculation.
It is understood that Vitalik introduced Kanro in a post released on June 9 this year. Its funding is mainly from Vitalik himself and CryptoRelief led by Sandeep, the founder of Polygon, who mainly studies the condition of COVID-19 and the solutions to future epidemics. According to on chain monitoring, a giant whale once again leveraged long ETHs. The whale mortgaged 20016 ETHs (approximately $31.9 million) through two addresses in Aave, lent 21 million USDTs, and then bought 13101stETHs, with an average price of $1602.
According to records, the giant whale also pledged ETH on September 4th and lent 20 million USDT to long ETH, but ultimately ended up with a stop loss.
In addition, since July 20th, the giant whale has accumulated approximately 1253989 LINK (approximately $9.5 million) at a cost of $7.62. WhaleAlert also monitored data showing that 116373514 USDCs were transferred from unknown wallets to Binance at 09:22 am Taiwan time this morning (17).
In summary, even if there is currently no "substantial positive news" driving the overall market upward, as the market has remained silent for too long, investors have also seen last night's fake news event as a positive signal for an upward catalyst (Bitcoin spot ETFs have indeed passed), and have started to enter and layout. Perhaps the low volatility market is about to come to an end, and will usher in the next wave of major market trends# Metaverse # # BTC#
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