🔍 On-chain monitoring of major news! According to the latest data, the main bullish investor in the ETH/BTC exchange rate, James Fickel, deposited 20,000 ETH (approximately 50.63 million USD) into the exchange just 7 hours ago. 💰
Today, he continued to adopt a reduction strategy, selling 2,000 ETH for WBTC to reduce risk. At the same time, he redeemed 26,624 ETH (approximately 6.735 million USD) from Lido, depositing 20,000 of those ETH into the exchange. This series of operations reflects his response strategy to market volatility, which may indicate a cautious attitude towards the current market. 🤔
Market observation:
Increased liquidity: James' reduction actions have attracted market attention, and investors may need to be wary of short-term price fluctuations. ETH vs WBTC: Converting ETH to WBTC may be aimed at seeking higher liquidity and better trading opportunities, worth considering for other investors.
In such a volatile market, it is crucial to remain flexible and vigilant! What are your thoughts on James' actions? Everyone is welcome to discuss! 💬✨
