A top-tier crypto address recently executed a massive market move, capturing widespread attention. On-chain analytics reveal this entity holds nearly $100M in stETH and has over $370M deposited across leading lending protocols, underscoring its institutional-grade capital base.
High-Impact Position Unveiled
Within just 33 hours, the wallet funneled 15.5 million USDC into a major derivatives exchange to establish a long BTC position worth $191M, acquiring 2,070 bitcoins. The rapid deployment suggests a well-timed bullish conviction amid shifting market dynamics.
Strategic Exit Plan in Place
- Profit-taking level clearly set at $93,300 per BTC
- Execution timing reflects advanced market awareness
- Leverage tools utilized to amplify exposure efficiently
This strategic play highlights not only deep financial resources but also a sophisticated approach to risk and timing. As bitcoin approaches critical resistance levels, such whale activity could significantly influence near-term price momentum.