On January 28th, overnight and early this morning, the cryptocurrency market continued its rebound, with Bitcoin stabilizing above $89,000 and Ethereum breaking through $3,000. During this period, the movements of on-chain whales showed significant divergence.
On one hand, the bullish camp, represented by the "BTC OG Insider Whale," continued to increase their positions during the rebound. Specifically:
The "BTC OG Insider Whale" added 19,973 ETH in 5x long positions this morning, bringing their total portfolio value to $758 million, with floating losses narrowing to $30.79 million.
"Machi" deposited another 225,000 USDC to increase long positions in ETH and HYPE. As of the time of writing, their total portfolio value reached $20.53 million, with floating profits nearing $1 million.
After Ethereum rebounded above $3,000, Trend Research, under Yilihua, borrowed 80 million USDT from Aave and deposited it into Binance, potentially preparing to increase ETH positions again.
On the other hand, a smart money trader who has accumulated $98.18 million in profits from ETH swing trading deposited 10,000 stETH (worth $30.12 million) into Wintermute three hours ago and subsequently received 30.03 million USDC, possibly completing a sell-off.
Last night, three 1INCH investor addresses sold 36.36 million 1INCH ($5.04 million).
This week marks the Federal Reserve's FOMC meeting week. Some analysts note that FOMC weeks are typically accompanied by high volatility and downside risks for Bitcoin. Even if the market remains optimistic before the meeting due to expectations of rate cuts, the post-announcement reaction is often bearish. Investors are advised to manage their positions cautiously.
