Should We Add or Reduce Positions? ETH Whale Goes Against the Trend with $200 Million Increase, BTC Bulls Forced to Stop Losses After Two Consecutive Pullbacks

Whale Invests in Ethereum

According to information shared by the on-chain analytics account Ashes, a whale that previously profited over $30 million on Ethereum has today spent $37.15 million USDC to increase its holdings of 15,000 ETH at a price of $2,477, and has deposited all of these ETH into Lido staking. Over the past week, this whale has spent approximately $223 million USDC and purchased 85,465 ETH at a price of $2,617, currently facing an unrealized loss of $9.4 million. Additionally, this whale still has $110 million USDC in liquid assets.