Brace For Impact: Bitcoin Whales Moves $538 Million In BTC To Binance After Half A Decade

The Bitcoin (BTC) ecosystem is in a frenzy as a dormant unidentified Bitcoin whales dump massive amounts of the token into Binance, a top-tier exchange platform. The staggering number of BTC tokens offloaded immediately caused bearish speculations to fly among the coin holders and the crypto market at large. 

Consequently, some Bitcoin whales began opting for safer and more viable options like the ETFSwap (ETFS) as the price of BTC fell almost immediately by 4% to $66,800. Despite BTC’s price recovering by 1.30% in the past 24 hours, reaching $68,224, this slight uptick has done little to alleviate investors’ concerns or deter them from seeking safer investment alternatives.

 

ETFSwap (ETFS): Promising Alternative For Bitcoin Whales

Capitalizing on the bearish trend caused by the recent Bitcoin whales activity, ETFSwap (ETFS) has emerged just in time as a potential solution for BTC holders. As an upscale DeFi trading platform, it will provide market-making and round-the-clock perpetual trading services for users to trade tokenized ETFs on the blockchain. 

These tokenized ETFs include market, fixed-income leverage, and commodity, as these ETFs cover lucrative technology, energy, healthcare, and agriculture sectors, among others. The platform also allows decentralized investment in ETF assets, eliminating centralized platforms’ monopolistic control over the crypto market.

As opposed to traditional trading platforms, ETFSwap (ETFS) incorporates cutting-edge trading solutions such as an ETF Screener, filter, finder, and tracker. These tools also help traders actively monitor and track their various tokenized ETF investments and also find them the most profitable tokenized ETF investments at any given time. 

Furthermore, trading on the platform comes with many exclusive perks and rewards, including 10X leverage, an 87% APR yield, and streamlined entry due to the absence of KYC requirements. 

Finally, traders enjoy maximum security and privacy on the platform as its smart contracts have been thoroughly audited by CyberScope, a leading cybersecurity and blockchain audit firm. This comprehensive audit has verified the platform’s robust security features and flawless underlying infrastructure, ensuring the highest reliability and integrity.

The Reemergence of Dormant Bitcoin Whales 

Launched in 2009, BTC is a pioneering crypto giant that enables direct asset transactions. It has recently been in the spotlight due to its Bitcoin whale activities. As reported on June 11 by an on-chain data analysis firm, @Lookonchain, a Bitcoin whale that has been dormant for 5.5 years resurfaced and transferred 8,000 BTC tokens roughly worth $535 million to Binance. Interestingly, this BTC whale had initially purchased these 8,000 BTC on December 6, 2018, at an average price of $3,810 per coin, representing an initial investment of around $30 million. 

If liquidated today at the current Bitcoin (BTC) price of $68,224, this Bitcoin whale’s holdings could translate to a profit exceeding $500 million. Therefore, the Bitcoin whales’ decision to move their entire BTC holdings to an exchange raised concerns about a potential market downturn, especially considering the upcoming FOMC meeting and interest rate decision, which are expected to generate high volatility. 

Analysts also speculate that this Bitcoin whales’ movement may be to capitalize on their investments after a significant holding period or diversify their investments to more promising alternatives like ETFSwap (ETFS).

 

Conclusion On Moving To ETFSwap

The large transfers by the Bitcoin whales has already caused a bit of a ripple effect across the market, with the BTC price falling by almost 4% to $66,800. However, ETFSwap (ETFS) has emerged as a potential solution for BTC holders. Currently, the platform’s token, ETFS, is selling at $0.01831 and is projected to surge by 40000x upon major listings. Buy the ETFS token now and get a 20% discount. 

 

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