Breaking! Bitcoin Tycoon Splashes $60 Million on ETH, Holding 50,000 Coins Aiming for $3,000 Surge?
Recently, a well-known early Bitcoin player deposited $60 million in USDC on a decentralized exchange just to buy more long positions in Ethereum. This move is quite a big deal, instantly making the value of his Ethereum holdings soar to $165 million, with over 50,000 ETH in hand, and the opening price isn't low either.
He set a liquidation price, indicating that he is still considering the risk of price declines. Although once it drops to that price, the loss would be significant, this is also common risk control in investing. Moreover, he plans to buy more when Ethereum rises to $3,000, suggesting he believes Ethereum still has room to climb.
With this move, the industry has started to pay attention. After all, he is an old hand in the Bitcoin circle, and his actions easily lead everyone to feel optimistic about Ethereum's prospects. However, in investing, nothing is certain; although it looks optimistic now, the market changes too quickly, and whether Ethereum can continue to rise as he wishes will depend on future market conditions. Nevertheless, this also shows that in the cryptocurrency market, many people are willing to take risks to invest for potential returns.
If you want to delve deeper into the crypto space but can't find a direction, and want to quickly get started and understand the information gap, click the profile picture to follow me for firsthand information and in-depth analysis.
