Whale: Sells 837.8 BTC to Buy 27,500 ETH
@EmberCN reports a whale sold 837.8 BTC withdrawn from HTX and bought 27,500 ETH at an average $2,534 via Hyperliquid and cross-chain transfers.
SourceAnalysis
@EmberCN tracked a whale that sold 837.8 BTC and bought 27,500 ETH worth $69.68 million at an average price of $2,534. The BTC originated from HTX withdrawals 1.5 years ago at roughly $95,434 and moved through Hyperliquid into USDC before crossing to Ethereum for the ETH purchases.
The latest leg saw 410.1 BTC converted into 13,527 ETH at $2,523. Price now sits at $2,462.34 on the 4h chart, below both EMA50 at $2,556.66 and EMA200 at $2,577.01 while MACD registers a death cross at -15.26. With price testing the lower Bollinger Band near $2,453.93 and RSI at 35.35, the structure points to continued pressure toward that support zone before any rebound attempt.
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@EmberCNAnalyst about On-chain Analysis