๐ Golden Autumn, Big Prizes Await!
Gate Square Growth Points Lucky Draw Carnival Round 1๏ธโฃ 3๏ธโฃ Is Now Live!
๐ Prize pool over $15,000+, iPhone 17 Pro Max, Gate exclusive Merch and more awaits you!
๐ Draw now: https://www.gate.com/activities/pointprize/?now_period=13&refUid=13129053
๐ก How to earn more Growth Points for extra chances?
1๏ธโฃ Go to [Square], tap the icon next to your avatar to enter [Community Center]
2๏ธโฃ Complete daily tasks like posting, commenting, liking, and chatting to rack up points!
๐ 100% win rate โ youโll never walk away empty-handed. Try your luck today!
Details: ht
WHALE GAMES ROCK CRYPTO MARKET ๐ฅ
A whale just flipped the script. Sold $577M of BTC. Bought a mind-blowing $2.2B of ETH! Looking at the charts, money's flowing to alts now ๐
Powell changed everything at Jackson Hole ๐ Hinted at September rate cuts. BTC jumped above $117K. ETH pushed toward $4.9K. Optimism came back. Fast.
Perfect timing for Ethereum! ETH ETFs pulled in $287M in one day. BTC ETFs? They lost $194M. Seems like money was already moving to ETH before our whale friend made their splash.
This Bitcoin OG had been holding since 2018. Then boom ๐ฅ Five days. 22,769 BTC sold. Over $2.5B worth. They bought $2.2B in ETH. Kind of crazy. They even opened a $577M ETH long position!
Bitcoin couldn't take it ๐ Spot sales triggered a flush. BTC dropped to $112K. Then lower to $109,668. Over $800M in longs got wiped. Traders never saw it coming.
ETH surged while the whale grabbed 472K tokens ๐ Price shot past $4.9K. Liquidated $147M in shorts. But the momentum didn't last. ETH trades at $4,371 now. Way below its peak.
Traders rushed to copy the whale. They thought ETH was going to the moon ๐คฆโโ๏ธ The whale trimmed positions. Copycats got burned. ETH fell 4%. BTC bounced a bit. Retail lost. Again.
For this whale, ETH isn't just a trade. They staked 275K tokens ๐ฐ ETH pays to hold, around 4-5% yearly. BTC doesn't. Passive income matters to them. Not just a bonus.
BTC dominance dropped from 61% to 57.6% this month. Not entirely clear if this means altseason ๐ง Bitcoin broke down. ETH gave back gains. Feels more like weakness than rotation.
Risk is still there. The whale has 150K BTC worth $17B ๐ If they sell more, Bitcoin might struggle for weeks. ETH could crash harder if the rotation reverses.
Bulls say it's the final bear trap before takeoff ๐ They talk about Powell and ETH ETF flows. But with ETH at $4,371 and BTC under $110K, their story looks shaky.
Bears think it was just a game. Pump ETH, close positions, leave others holding bags ๐ป Inflation still lurks. Fed hasn't cut rates. This rotation might be another trap.
One whale showed how fragile crypto really is ๐ง BTC slid to $109,600. ETH to $4,300. In days. Sentiment flipped completely. Even rare coins like the 1656 Cromwell gold piece ($396,000 at auction) seem stable compared to crypto's wild swings.