The cryptography market has experienced a modest correction, with several major pieces of small decreases in the middle of a wider Bull Run.
This decrease comes in the middle of a significant whale activity, revealing divergent strategies among the largest players in the cryptography market.
Cryptographic whales play on both sides: accumulate and sell
The data on the Beincrypto markets have revealed that in the last 24 hours, the wider market of cryptography dropped by 3.83%. In addition, 7 of the 10 best cryptocurrencies are in red.
Bitcoin (BTC), the flagship crypto, dropped 0.48% in the last day. Ethereum (ETH), the ether marked by Lido (Steth) and Tron (TRX) have shaken the trend, the latter displaying the highest gains of 3.19%.
Meanwhile, the strategy (microphone) bought the DIP. The company announced the acquisition of 21,021 BTC, valued at around 2.46 billion dollars. The average purchase price was $ 117,256 per room.
This purchase, funded by an initial first public offer of 2.5 billion dollars in the variable rate of rates to perpetual preferences (STRC), increases the company’s total assets to 628,791 BTC. The company is now in an unrealized profit of $ 28.18 billion.
“With around 2.521 billion dollars in raw profits, this is the largest introduction on the US stock market in 2025 to date on the basis of the gross product and the largest perpetual stock market offer in the United States since 2009,” added the company.
In addition, its BTC yield of the year is 25%. This acquisition is aligned with the model of the company to implement equity and debt to strengthen its BTC reservations, a strategy that positioned it as a leading institutional holder.
In addition to the strategy, Lookonchain stressed that Digital Anchorage, a digital asset platform and an infrastructure provider, has also increased its exposure to bitcoin.
“Digital anchorage has accumulated 10,141 BTC ($ 1.19 billion) of several wallets in the last 9 hours,” said Lookonchain.
On the other hand, the activities of an previously dormant investor indicated a more profit -oriented approach. Lookonchain reported that after 12 years of dormancy, a Bitcoin holder had transferred 343 BTC, worth 40.52 million dollars. From this, the “Bitcoin OG” deposited 130.77 BTC, worth $ 15.45 million, in Kraken.
“This OG received 343 BTC (around $ 29,600 at the time) 12 years ago, when the BTC price was $ 86. It is a return of 1,368 times! ”Revealed the blockchain analysis company.
This small transfer follows one of the largest Bitcoin transactions never executed in the history of cryptocurrency. Beincrypto said Galaxy Digital had sold more than 80,000 bitcoins, worth more than $ 9 billion, in the name of a long -term investor.
The Ethereum market has also experienced contrasting whale behavior. A new portfolio (0x3DF3) has accumulated 12,000 ETH worth more than $ 45 million via Galaxy Digital.
“Since July 9, a total of 9 fresh portfolios have accumulated 640,646 ETH ($ 2.43 billion),” wrote Lookonchain.
However, this accumulation is offset by sales. A chain analyst noted that Galaxy Digital had deposited 5,000 ETH worth $ 19.28 million in Coinbase, and Cumberland also transferred 10,592 ETH worth around 40.79 million dollars to the same exchange.
In addition, Fidelity also followed the same path and sent 12,981 ETH estimated at around $ 49.7 million in Coinbase.
“The institutional address suspected of being Hashkey Capital transferred 12,000 ETH to OKX the day before yesterday, then withdrew USDT 46.16 million from OKX yesterday. In other words, these 12,000 ETH were sold at a price of $ 3,847,” added Embercn.
Thus, the divergent strategies of cryptocurrency – accumulation compared to liquidation – illustrate the appetites and variable risk perspectives on the market.
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