Corporate Whales Have Been Active in Recent Hours: They Made Large Sales in 6 Different Altcoins, Including Avalanche (AVAX)!
Institutional Whales Enter Selling Mode 🐋
Today, Bitcoin dipped below $61,000, triggering a broader decline across altcoins. Institutional players like Galaxy Digital and GSR Markets have notably shifted towards selling. Galaxy Digital deposited 520,000 AVAX ($14.72M) to Binance after borrowing the same amount on AAVE, while GSR Markets moved 300,000 LINK ($4.37M) to the exchange.
Meanwhile, whales have been offloading significant amounts of LDO, AAVE, UNI, and FXS, totaling $13.42M in sales. This massive sell-off has impacted prices, with LDO, AAVE, UNI, and FXS seeing declines.
The market continues to react to institutional movements amidst ongoing volatility. Stay informed and trade wisely!
