Whale accumulates 30K ETH and 600 BTC through OTC today

Massive Transactions in the World of Cryptocurrency

On April 27, investors witnessed a large transaction in the cryptocurrency market. According to monitoring data, a whale transferred 112 million USD in USDC via an OTC transaction to Wintermute. This transaction brought them 30,000 ETH, worth approximately 54 million USD, and 600 BTC, valued at about 56.7 million USD.

Impressive Numbers

This transaction is notable for its enormous value and immediate impact on the market. Right after the transaction occurred, price indicators surged, creating an opportunity for other investors to reconsider their strategies.

The Importance of OTC

OTC transactions, or "over-the-counter," are often conducted in large volumes to avoid immediate impact on the exchange. This helps protect the value of the asset and keeps the market from becoming highly volatile. This is why cryptocurrency whales prefer this method.

Investor Notice

However, it should be noted that the information above is for market reference only and does not constitute investment advice. Investors need to be cautious and conduct thorough research before making their trading decisions in this volatile market.

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