Two newly created wallets sold 72 BTC worth about $4.66 million, then opened a 20x leveraged long position on 12,000 ETH worth roughly $22.4 million, according to on-chain tracking cited by BlockBeats on July 19. The wallets were identified by Lookonchain. The move involved a Bitcoin sale first, followed by a large leveraged Ether long, making it a notable whale transaction in the market. No additional details on the wallet owners or trading venue were disclosed in the source. The report focused on the sequence of the trades and the size of the positions.
Two newly created wallets sold 72 BTC worth $4.66 million, according to Lookonchain data cited by BlockBeats on July 19.
After the sale, the two wallets opened a 20x leveraged long position on 12,000 ETH valued at $22.4 million.
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