Whales Accumulate $180 Million in WBTC and ETH: Insights from BlockBeats News

ETH

ETH/USDT

$2,127.12

+4.51%

$2,127.12

+4.51%

(24s)

24h Volume

$39,049,302,904.94

24h H/L

$2,145.26 / $2,009.54

Change: $135.72 (6.75%)

Long/Short

69.8%

Long: 69.8%Short: 30.2%

Funding Rate

-0.0018%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,121.96

▲ 1.67%

Volume (24h): -

Resistance Levels

Resistance 3$2,577.98

Resistance 2$2,403.28

Resistance 1$2,234.29

Price$2,121.96

Support 1$1,994.75

Support 2$1,826.83

Support 3$1,157.44

Pivot (PP):$2,110.44

Trend:Downtrend

RSI (14):32.9

On August 19th, COINOTAG News reported significant accumulation of cryptocurrencies by institutional investors, as outlined by data from ChainInfo. Within a single day, these entities enhanced their holdings with 277.5 WBTC valued at approximately $32.06 million and 2493 ETH, amounting to around $10.65 million. Cumulatively, their position now reflects an impressive total worth $180 million, comprising 1196.2 WBTC valued at $141 million with a trading price of $118,057, alongside 8711 ETH valued at $38.7 million, priced at $4442 per unit. This robust accumulation underscores the growing confidence of institutional players in the cryptocurrency market, reflecting a strategic long-term outlook amidst current market dynamics.