BlockBeats News, January 28, overnight this morning, the crypto market continued its rebound, with Bitcoin holding above $89,000 and Ethereum breaking through $3,000. During this period, there was a significant divergence in the movements of on-chain whales, summarized by BlockBeats as follows:
On the one hand, the Iron Hands represented by the “BTC OG Insider Whales” continued to accumulate during the rebound, including:
The “BTC OG Insider Whales” added over 5x long positions in ETH this morning, with their overall position value reaching as high as $758 million, and their unrealized loss narrowing to $30.79 million.
The “Buddy” once again recharged 225,000 USDC, adding to ETH and HYPE long positions. As of the time of publication, their overall position value has reached $20.53 million, with a paper profit of nearly $1 million.
After Ethereum rebounded and broke through $3,000, Trend Research, under the control of Yilihua, borrowed $80 million USDT from Aave and deposited it into Binance. They may further add to their ETH holdings.
On the other hand, Smart Money, which accumulated $98.18 million in profits through ETH swing trading, deposited 10,000 stETH to Wintermute three hours ago, worth $30.12 million, and then received 30.03 million USDC, indicating a possible sell-off.
Last night, three 1INCH investor addresses sold 36.36 million 1INCH tokens (worth $5.04 million).
This week is the Federal Reserve FOMC meeting week. Some analysts have pointed out that FOMC interest rate meeting weeks are usually accompanied by high Bitcoin volatility and downside risks. Even if the market remains optimistic due to expectations of a rate cut before the meeting, the reaction after the announcement is mostly bearish. Investors need to carefully manage their positions.
