ETH/BTC exchange rate rebounded 7.7%! 10 whales withdrew nearly 18,000 Ethereum, Trump family's WLF increased its position by 2.5 million USD

After the cryptocurrency market stopped falling and rebounded, several whales bought ETH at a low price. The Trump family's DeFi project World Liberty Financial increased its position by 2.5 million USD in ETH, and 10 new wallets withdrew over 60 million USD in ETH from Binance. (Background: Ethereum plummeted 10% below 3300 USD! Whales cut losses with nearly 50,000 ETH to repay on-chain debts) (Additional background: ETH's sharp decline of 10% is not feared) The Trump family's 'WLF' increased its position by 2.5 million USD in Ethereum, is a rebound imminent?) Last night (20th), the U.S. PCE data was released, showing lower than expected, boosting the market's expectations for the Federal Reserve (Fed) to cut interest rates in March next year, further driving the cryptocurrency market to stop falling and rebound. Bitcoin's price rebounded from yesterday's 92,234 USD to 97,396 USD before the deadline, an increase of 5.6%; ETH surged from 3,101.9 USD, up 11.8%, currently reported at 3,462.91 USD, with a near 24-hour increase of 1.61%. ETH price trend chart | Binance World Liberty Financial increased its position by 2.5 million USD in ETH One of the reasons for ETH's strong rebound is related to several whales making big purchases. According to Lookonchain monitoring, the Trump family's DeFi project World Liberty Financial (WLF) entered the market again last night during a slight rebound in Ethereum, spending 2.5 million USDC to purchase 759 ETH at an average price of about 3,290 USD. Currently, WLF has purchased a total of 9,587 ETH at an average price of 3,651 USD, with a current value of about 33.2 million USD, and unrealized losses reduced to 1.8 million USD. 10 new wallets withdrew over 60 million USD in ETH from Binance Additionally, Lookonchain statistics show that after the market rebound, 10 new wallets withdrew a total of 17,698 ETH from Binance, worth 61.66 million USD. This move seems to indicate that whales are optimistic about Ethereum's future trend and are buying on dips. Lookonchain's statistics of 10 new addresses withdrawing ETH records Whales bought 10 million USD in ETH at an average price of 3,459 USD Meanwhile, on-chain analyst Yu Jin monitored that a whale spent 17.1 million DAI to buy 4,943 ETH through two addresses around 3:30 AM today, with an average price of 3,459 USD (almost equivalent to the current price). Yu Jin pointed out that this whale has not operated for a year and a half, with the last transaction being the sale of 3,723 ETH at 1,888 USD last May, making a profit of 30,000 USD. ETH/BTC ratio rebounded nearly 8% Driven by several whales' large-scale purchases, ETH's rebound exceeded that of Bitcoin, with the ETH/BTC exchange rate experiencing a significant rise. It rebounded strongly from yesterday's low of 0.03337 to 0.03594, increasing 7.7% within less than 9 hours, currently reported at 0.03569. Whether Ethereum's strong performance can continue still requires continuous observation. Related reports Ethereum Foundation 'True Peak Master'! Sold ETH 32 times in the past year, 15 times sold at a high point... Trump also trapped 5 million USD ETH/BTC fell below 0.035, hitting a 3-year low, can Trump's election save Ethereum? Bitcoin technical indicators bullish: VIX fear index suggests a bottom, Fibonacci predicts breaking through 160,000 USD in February next year. 'ETH/BTC exchange rate rebounded 7.7%! 10 whales withdrew nearly 18,000 Ethereum, Trump family's WLF increased its position by 2.5 million USD' This article was first published on BlockTempo (BlockTempo - the most influential blockchain news media).