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Whale transactions indicate market uncertainty
According to a chain discovery from BlockBeats, recent monitoring from HyperInsight shows significant financial movements of several cryptocurrency whales in the last 24 hours, highlighting a market characterized by opposing strategies.
As for the large withdrawals, a whale with an address starting with 0x5b5d51 withdrew approximately 54 million USDC. Another whale with an address starting with 0xB83DE0 withdrew around 32 million USDC. Additionally, a whale with an address starting with 0x97E5b0 withdrew about 30.73 million USDC. Over the course of four hours, a whale with an address starting with 0x8607a7 withdrew approximately 10 million USDC, while another with an address starting with 0x418AA6 withdrew around 2.5 million USDC.
On the contrary, some whales made deposits against the trend. A whale with an address starting with 0x1807cfb deposited about 7 million USDC, while another with an address starting with 0xB8B9E3 deposited approximately 6.12 million USDC. Additionally, a whale with an address starting with 0x4016F1 deposited around 6.94 million USDC.
Moreover, some whale addresses have adjusted their contract positions, making short positions profitable. Notably, a whale with an address starting with 0x4a207d increased its short position on SOL by $835,581.17, reaching an unrealized profit of about $1.38 million, with the current liquidation price at $194. Another whale with an address starting with 0x880ac4 has an unrealized profit of around $2.19 million on its short position in SOL, while its short position in PUMP has an unrealized profit of approximately $3.01 million.