The Corporate Whale That Always Bought Bitcoin (BTC) Suddenly Changed Its Mind and Started Selling! – Ethereum Whales Defy the Drop and Purchase $1...

The market has experienced another bloodbath over the past two days. Following the decline in Bitcoin ($BTC) and altcoins, liquidations reached billions of dollars, while $BTC fell below $100,000 and Ethereum ($ETH) fell to $3,000.

Some investors see this decline as a buying opportunity and buy more, while others continue to sell.

At this point, cryptocurrency analysis platform Lookonchain said that MARA Holdings sold $236 million worth of $BTC after steady accumulation.

According to data from Lookonchain, Nasdaq-listed Bitcoin mining company MARA Holdings, a frequent buyer of $BTC, has suddenly started selling its $BTC holdings.

Over the past 12 hours, addresses believed to belong to MARA Holdings transferred a total of 2,348 $BTC (worth approximately $236 million) to various platforms including FalconX, 2Prime, Galaxy Digital, and Coinbase Prime.

Following these transactions, MARA Holdings still holds 53,250 $BTC worth approximately $6.17 billion.

Ethereum Whales Are Accumulating!

While Mara Holding is attracting attention with its Bitcoin transaction, Ethereum whales are taking advantage of the huge drop in $ETH.

According to Lookonchain data, five Ethereum whales capitalized on the recent market decline by amassing 323,523 $ETH worth $1.12 billion over the past two days, at an average purchase price of $3,469.

*This is not investment advice.