Whales Pick Up Massive Amounts Of Bitcoin, Ethereum And SHIB As Prices Crash: Details

By WhalesStats data, in recent hours, whales have grabbed assets such as Bitcoin, Ethereum, Shiba Inu and Chainlink as the crypto market plunged. Investors had breathed a sigh of relief over the past two days as Bitcoin surged above $42,000 on March 10. Altcoins had also risen alongside Bitcoin as many crypto assets posted impressive gains.

Although different transactions involving the purchase of Bitcoin, Ethereum and Chainlink were reported by the blockchain data tracker, the most recent BTC transaction was that of an FTM whale acquiring 1,500 BTC, worth $58,896,000. .

Another whale had bought 550 ETH, or $1,493,921. Ethereum also emerges as one of the most purchased tokens in the last 24 hours.

According to data from IntoTheBlock, Shiba Inu whales have become more active over the past 24 hours, with the number of large transactions increasing by 82%. Large transaction spikes often indicate high activity among institutional players, or whales, buying or selling.

The top 100 Shiba Inu holders also increased their holdings, as WhaleStats reports a 178.87% increase in the average SHIB balance for this category of investors. The average SHIB value of their portfolio also increased by 180.48%. Volume and active addresses increased by 880% and 18.18% over the past 24 hours, demonstrating healthy metrics.

Crypto Market Decline

A total of $211 million longs were liquidated in the crypto market as Bitcoin suddenly dropped to $38,796 on March 10. As Bitcoin fell with a 7.5% 24-hour decline, the value of liquidations on its network over the past 24 hours rose to $68.55 million. Ethereum (ETH) futures posted losses of $50.57 million during the same period.

A total of 59,945 traders who bet on further increases in crypto prices experienced losses from liquidations, according to data from analytics tool Coinglass.

The majority of altcoins were seeing losses between 2% and 7%, and Bitcoin is trading at $39,268 at press time.

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Whales Pick Up Massive Amounts Of Bitcoin, Ethereum And SHIB As Prices Crash: Details

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