5 Whales Trade BTC and Altcoins Ahead of News as Possible Bitcoin Spot ETF Approval Nears

As the approval of Bitcoin Spot ETFs approaches, which experts believe will almost certainly be approved on Wednesday, some cryptocurrency whales have made interesting transactions.

Whale 0xd13 sold all 215.3 WBTC in the last 2 hours for 9.42 million USDT at an average price of $43,778 as soon as the WBTC price started to rise again. Notably, the whale purchased 224.1 WBTC with 6.94 million USDT on June 30 and July 3, 2023, at an average price of $30,974. Thus, the whale made a profit of approximately $2.76 million (+41.3%) after the last sales. Currently, the whale has only 4,019 WBTC (176 thousand USD) left.

Fresh wallet 0xf63 recently attracted 546 billion SHIB ($4.93 million) from Binance at $0.00000902. Over the past 1.5 months, there have been 5 whales (including Justin Sun) withdrawing a total of 2.742 trillion SHIB ($25.2 million) from Binance at an average price of $0.00000921. Whales currently hold all of their SHIB tokens, worth only $24.9 million (-$481k or -1.83%).

Whale 0x2c9 recently attracted 18.50 million CRV ($9.35 million) from Binance for $0.506. Although it has accumulated CRV before, this is the largest amount of CRV the whale has accumulated in a single transaction. Currently, the whale has 18.63 million CRV ($9.44 million).

While BlackRock awaits approval of the Spot Bitcoin ETF on Wednesday, January 10, two major BTC whales have returned to accumulate 1,755 BTC ($77.1 million) from Binance in the last 2 days.

• Whale bc1pj accumulated 1,750 BTC ($76.9 million) at an average of $43,953. The whale in question previously accumulated 6,000 BTC ($158.66 million) at an average price of $26,444 between August 24 and September 2, 2023; and then earned $26.4 million by depositing 3,000 BTC ($105.7 million) on Binance between October 18 and December 4, 2023, at an average price of $35,241. The whale currently holds 4,750 BTC ($207.4 million).
• The other whale, 3MVqp, just withdrew 5 BTC ($217k) from $43,426.26. Previously, this whale traded BTC 3 times in 2023, all of which were profitable and brought the whale a cumulative profit of $61 million.

*This is not investment advice.