Don't Just Focus on Yi Lihua, These Whales' Moves During the Crash Are More Worth Watching
Amid a sharp crypto market downturn, Bitcoin fell over 15% in 24 hours, dropping below $60,000, while altcoins suffered even steeper losses. Market fear spiked, with the Crypto Fear & Greed Index hitting 9, indicating extreme fear. The article highlights key whale activities during the sell-off.
Notable sellers included Aave founder Stani Kulechov, who sold 4,504 ETH, and Ethereum co-founder Vitalik Buterin, who sold 6,899.5 ETH from a planned donation. Prominent ETH bull Yi Lihua (Trend Research) sold approximately 250,000 ETH, citing risk management. Data also showed whales dumped 81,068 BTC in just eight days.
On the buying side, despite the panic, some large players accumulated. "Machi Big Brother" aggressively opened leveraged long positions on ETH and other assets, though some were liquidated. MicroStrategy, a major corporate BTC holder, purchased an additional 855 BTC, reaffirming its long-term strategy and stating it would only face real threat if BTC stayed at $8,000 for years. Similarly, Bitmine, led by Tom Lee, continued buying ETH, adding over 60,000 ETH recently despite significant unrealized losses. On-chain whales were also active, with one entity withdrawing 55,483 ETH from an exchange, indicating strong accumulation during the dip.
The contrast between panic selling and strategic buying underscores the divided sentiment among large holders during the market turmoil.
Odaily星球日报02/06 10:37
