Major Cryptocurrencies See Divergent Trends: Whale Shorts Bitcoin as Institutions Accumulate Ethereum
Major Cryptocurrencies See Divergent Trends: Whale Shorts Bitcoin as Institutions Accumulate Ethereum
A significant Bitcoin whale has opened a substantial short position on BTC, signaling expectations of further market decline after profiting from a recent crash. In contrast, SharpLink has made a significant investment in Ethereum, accumulating 19,000 ETH and benefiting from staking rewards, reflecting an institutional 'buy the dip' strategy. This comes amidst reports of Galaxy Digital posting strong Q3 profits, indicating increased institutional engagement across the broader crypto market. Meanwhile, practical advice is offered to holders on securing Bitcoin and other digital assets through inheritance planning to ensure smooth wealth transfer for heirs.
The $11 billion Bitcoin whale made millions in profit from last week’s crypto market crash and continues betting on more downside.
Galaxy Digital reported higher quarterly profit as trading volumes increased 140%, reflecting stronger institutional activity in crypto markets.
SharpLink increased its ETH holdings following a $76.5 million raise, with staking rewards topping $23 million since its treasury launch in June.
It is essential to secure your BTC, altcoins and NFTs with a crypto inheritance plan that safeguards keys and simplifies wealth transfer for heirs.