NEW YORK – Amidst the general market downturn, a whale executed an necessary commerce and withdrew 700 BTC from Binance. The transfer amounted to roughly $29.36 million and got here as Bitcoin worth fell beneath $41,000 at this time. The common worth at which Bitcoin was withdrawn was $41,948 per coin, indicating that it was strategically bought throughout worth declines.

Equally, one investor took benefit of the low worth and purchased 3,600 ETH price roughly $8.9 million. The timing of the acquisition suggests a tactical determination, particularly given the investor's historical past of worthwhile Ethereum buying and selling, with an estimated $25.8 million in income to this point.

The cryptocurrency market has seen a noticeable decline in buying and selling quantity, and Bitcoin has skilled a big decline. The worth of Ethereum has additionally fallen consistent with market tendencies.

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