Whale Investor Seizes Opportunity Amid Market Downturn
- Bitcoin and Ether plunged amid reports of an Israeli strike on Iran.
- Asian stock markets followed suit, with indices like Hang Seng, Nikkei 225, and TAIEX.
- A whale investor quickly responded, purchasing 3,253 ETH.
In the early hours of Friday, a whale investor in the cryptocurrency market swiftly acted in response to the news of geopolitical tensions between Israel and Iran.
According to data from Spotonchain, an on-chain data provider, a whale buyer invested $9.516 million USDT to purchase 3,253 ETH at approximately $2,925, strategically timing the purchase around the local bottom. This move resulted in the whale accumulating unrealized profits of $625K, marking a 6.57% increase.
Several digital assets experienced a market downturn on Friday following reports of an Israeli missile strike on Iran. Earlier that day, Bitcoin hit a 5.5% dip, trading at $59,961, while Ether dropped below the $3,000 mark to $2,895. Meanwhile, Ether, another major digital asset, dropped below the $3,000 mark to $2,895.
Asian stock markets also recorded significant declines, with major indices reflecting negative trends. The Hang Seng index in Hong Kong dropped by 3.5%, whil…
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