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Token ETH
Token USDT

Dec 11, 2023

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Smart traders may use the market crash to accumulate ETH

Total tokens transferred

Token USDT

55M

USDT

Token ETH

280

ETH

The ETH price dropped around 5% in the past 24 hours, due to the recent market crash. Based on past activities of smart traders, we notice that they may take advantage of the recent market crash to accumulate ETH:

 

1. Smart whale 0xb15 deposited 55.00M USDT to Binance.

 

Notably, the whale

  • The whale tended to deposit a large amount of stablecoins to Binance before starting another ETH trading round.
  • The whale is very good at trading ETH, having realized $16.25M from 7 out of 8 completed ETH trades (win rate: 87.5%).

 

Fig 1. Smart whale 0xb15 deposited 55.00M USDT to Binance just now.

 

Fig 2. Smart trader 0xb15 tended to deposit a large amount of stablecoins to Binance before accumulating ETH.

 

2. DWF Labs withdrew 280 ETH ($626K) from Bitfinex.

 

Notably, this is allegedly the market maker's largest ETH accumulation in the past 2 months.

 

Fig 3. DWF Labs just withdrew 280 ETH ($626K) from Bitfinex.

 

Want to know what smart traders will do next? Set alerts for them via Spot On Chain now.

 

Fig 4. Alerts for smart traders by Spot On Chain.

#eth
#accumulate
#market crash