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Whale transactions indicate market uncertainty.
According to a discovery in the blockchain from BlockBeats, the latest monitoring from HyperInsight shows significant financial movements for several cryptocurrency whales in the past twenty-four hours, highlighting a market characterized by contrasting strategies.
For large withdrawals, the whale starting with the address 0x5b5d51 withdrew approximately 54 million USDC. Meanwhile, another whale starting with the address 0xB83DE0 withdrew around 32 million USDC. Additionally, the whale starting with the address 0x97E5b0 withdrew about 30.73 million USDC. Over a span of four hours, the whale starting with the address 0x8607a7 withdrew around 10 million USDC, while another starting with the address 0x418AA6 withdrew about 2.5 million USDC.
On the contrary, some whales have made deposits against the trend. The whale that starts its address with 0x1807cfb deposited about 7 million USDC, while another that starts its address with 0xB8B9E3 deposited about 6.12 million USDC. Additionally, the whale that starts its address with 0x4016F1 deposited around 6.94 million USDC.
Moreover, some whale addresses have adjusted their contract positions, making short positions profitable. Notably, the whale that starts with the address 0x4a207d increased its short position in SOL by $835,581.17, reaching an unrealized profit of approximately $1.38 million, with a current liquidation price of $194. Meanwhile, the other whale starting with the address 0x880ac4 has an unrealized profit of approximately $2.19 million from its short position in SOL, while its short position in PUMP has an unrealized profit of approximately $3.01 million.