F2Pool Co-founder Wang Chun Swaps 50 WBTC for 2794 ETH, Highlighting $4.36 Million Transaction

ETH

ETH/USDT

$2,970.16

-1.58%

$2,970.16

-1.58%

(24s)

24h Volume

$13,999,764,631.17

24h H/L

$3,027.61 / $2,906.02

Change: $121.59 (4.18%)

Long/Short

78.7%

Long: 78.7%Short: 21.3%

Funding Rate

+0.0029%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,974.10

▲ 0.72%

Volume (24h): -

Resistance Levels

Resistance 3$3,248.56

Resistance 2$3,130.36

Resistance 1$3,003.86

Price$2,974.10

Support 1$2,969.42

Support 2$2,809.41

Support 3$2,623.57

Pivot (PP):$2,966.41

Trend:Downtrend

RSI (14):41.0

In a significant transaction reported on April 22, F2Pool co-founder Wang Chun has executed a notable swap of 50 WBTC for 2,794 ETH, amounting to approximately $4.36 million. This swap is part of a broader trading strategy that has seen Chun conduct a total of 100 WBTC swaps since April 19, with an average exchange price standing at $85,864.9. This trading activity highlights a shift in Chun’s asset allocation amidst the current cryptocurrency market dynamics. Additionally, there has been mention of an opportunity cost, as his recent transactions suggest a potential loss of $278,000 in unrealized gains due to rising Bitcoin prices. Such movements exemplify the volatility and rapid changes intrinsic to the crypto space.