COINOTAG reported on August 27 that on-chain analyst Yu Jin observed a significant accumulation by a crypto whale, with on-chain data showing an increase of approximately $10 million in WBTC and $3.19 million in ETH within a 30-minute window. Over the trading day the same entity executed larger acquisitions, purchasing 589.5 WBTC (about $65.4 million) and 691.5 ETH (approximately $3.19 million) at average prices near $110,947 and $4,616 respectively. These transactions were identified through transparent on-chain monitoring and reflect sizeable position building rather than speculative forecasts of future price action.
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