A certain whale/institution has sold 2,070 BTC in the past 24 hours and bought 30,367 ETH, opening long positions for 78,000 ETH in contracts.

By: theblockbeats.news|2025/08/21 23:42:12
0
Share
copy

BlockBeats News, August 21st, according to on-chain analyst Wu Ji monitoring, a whale/institution holding 10,606 BTC for 7 years has realized a profit of $1.12 billion. In the past 24 hours, they have sold 2,070 BTC ($235 million).

Part of the proceeds from the BTC sale were used to buy 30,367 ETH ($131 million) spot; part of it was used to open a long position of 78,000 ETH through contracts (position value of $336 million). They still hold 8,437 BTC ($960 million) and may continue to shift to ETH.

You may also like

Bitcoin ETF Outflows Hit a Record $4.4 Billion: What Are Traders Doing With Their Cash?

Bitcoin ETFs lost $4.4 billion over 13 trading days, raising questions about market sentiment and Bitcoin's bottom. Here's what Standard Chartered is watching and how traders are managing idle stablecoin balances during uncertain markets.

WEEX App Just Got Smarter – New Tabs for Faster Trades & Easy Asset Management

Discover WEEX App’s new trading tabs: Futures, TradFi, Copy Trade (users)/ Elite Trade (lead traders) on the same page. Solve messy navigation, find opportunities faster, and manage all trades in one place. 

Blockchain Capital Partner: The Core Secret of Arbitrage

On cold starts, breaking the circle, and the toughest hurdle for founders to overcome.

WEEX All-New Search Features: Find, Trade & Earn Faster Than Ever

Supercharged search is here! Discover WEEX’s upgraded Search features with hot events, new listings, live market sentiment, and one-click trading. Trade smarter, seize every opportunity.

Will MicroStrategy fall into a death spiral? What will the macro trend be in the second half of the year?

The cryptocurrency industry may gradually shift from the hype of native altcoins to real asset tokenization, on-chain machine economy, and a more mature industrialization phase.

Morning Report | Illinois signs the strictest digital asset tax law in the U.S.; RWA tokenization market size surpasses $43 billion, institutions accelerate the migration of on-chain assets

Overview of Important Market Events on June 17

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com