A large bitcoin-kit, which has actively invested in Bitcoin over the past seven years, sold part of his assets to open a long ethrium position.
According to Lookonchain, a large investor transferred 670 BTC ($ 76 million) to Hyperlique, sold them and opened ETH Longs at $ 273,000,000.
It is known that this “Kit” stores 14.837 BTC for the amount of $ 1.69 billion, bought 7 years ago on HTX and Binance cryptocurrencies at an average price of $ 7242.
A large investor began to get rid of bitcoin just a week after the flagship cryptoactive reached a new peak of $ 124,128 on August 14, and Ethereum almost regained the historical maximum of 2021 in $ 4878.
According to Lookonchain, all four Kita positions on ETH were open at about $ 4300. At the same time, most of the etherium was invested with a 10-fold credit shoulder, and the smaller one with a 3-fold credit shoulder.
However, after the investor opened positions on Wednesday, the price of the leading altcoin fell to a minimum of $ 4080, as a result of which his three positions turned out to be in the red, and only $ 3,700 and $ 3732 remained before the liquidation at prices.
Over the past 24 hours, the Ethereum course has grown by 1.5%, and at the time of writing the ETH article was sold at $ 4284.
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Source: Cryptocurrency
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