Big Ethereum Whale Adds On To Bullish Long Position As Spot ETF Approval Probability Jumps — Swaps Wrapped Bitcoin Worth Over $25M For ETH
Big Ethereum Whale Adds On To Bullish Long Position As Spot ETF Approval Probability Jumps — Swaps Wrapped Bitcoin Worth Over $25M For ETH
As analysts raised the possibility of a spot Ethereum (CRYPTO: ETH) ETF approval, big whales ramped up their bullish bets on the world's second-largest cryptocurrency.
隨着分析師提出現貨以太坊（加密貨幣：ETH）ETF獲得批准的可能性，大鯨魚加大了對全球第二大加密貨幣的看漲押注。
What Happened: James Fickel, one of the wealthiest cryptocurrency investors, swapped 350 Wrapped Bitcoin (CRYPTO: WBTC) for 6,905 Ether earlier in the day, according to on-chain tracking platform Lookonchain. The newly acquired supply was worth more than $25 million at prevailing prices.
發生了什麼：根據鏈上追蹤平台Lookonchain的數據，最富有的加密貨幣投資者之一詹姆斯·菲克爾當天早些時候將350個包裝比特幣（加密貨幣：WBTC）換成了6,905個以太幣。按現行價格計算，新收購的供應價值超過2500萬美元。
As the #SEC requires exchanges to expedite the update of 19B-4 documents on $ETH #ETFs, the probability of approval of $ETH #ETFs has greatly increased.
James Fickel(@jamesfickel) continued to borrow 350 $WBTC($25M) from #Aave and exchanged it for 6,905 $ETH to go long the... pic.twitter.com/IYFmQyHVIP— Lookonchain (@lookonchain) May 21, 2024
由於 #SEC 要求交易所加快更新有關$ETH #ETFs 的19B-4文件，因此獲得批准的可能性大大增加了。#ETFs
詹姆斯·菲克爾（@jamesfickel）繼續從 #Aave 借款 350 美元 WBTC（2,500 萬美元）然後用它換成 6,905 美元 ETH 來做多... pic.twitter.com/iyfmqyhvip— Lookonchain (@lookonchain) 2024 年 5 月 21 日
Fickel has been longing ETH/BTC pair since the launch of Bitcoin (CRYPTO: BTC) spot ETFs in January. The founder of Amaranth Foundation has exchanged around 2,741 WBTC for 50,693 ETH since the beginning of the year.
自一月份比特幣（加密貨幣：BTC）現貨ETF推出以來，菲克爾一直渴望以太坊/比特幣對。自年初以來，Amaranth基金會的創始人已將約2741枚WBTC兌換成了50,693枚以太幣。
However, the bullish sentiment was not restricted to Fickel. In the last 24 hours, the number of traders going long on ETH rose dramatically against those shorting the cryptocurrency, as per the reading of Coinglass' Longs/Shorts Ratio.
但是，看漲情緒不僅限於菲克爾。根據Coinglass的多頭/空頭比率的數據，在過去的24小時內，做多ETH的交易者數量相對於做空加密貨幣的交易者數量急劇增加。
Why It Matters: Confidence in ETH comes as well-informed analysts raised their odds of a spot ETH ETF approval from 25% to 75%, resulting in a broader market rally.
爲何重要：對ETH的信心之所以出現，是因爲消息靈通的分析師將現貨ETF獲批的幾率從25％提高到75％，從而導致了更廣泛的市場反彈。
The turnaround in mood comes after months of gloomy expectations from experts about the approval, preventing the cryptocurrency from rising like other assets like Bitcoin.
情緒的轉變是在專家對批准的期望持續了數月之後發生的，這使加密貨幣無法像比特幣等其他資產一樣上漲。
ETH's large transaction volume more than tripled in the last 24 hours, indicating strong engagement from whales, according to IntoTheBlock. Alongside, balances of long-term holders rose 0.38%, suggesting that the transactions were buyer-dominated.
根據IntoTheBlock的數據，以太坊的巨額交易量在過去24小時內增長了兩倍多，這表明鯨魚的參與度很高。此外，長揸者的餘額增長了0.38％，這表明交易以買家爲主。
Price Action: At the time of writing, ETH was exchanging hands at $3,695.39, following a 19% spike in the last 24 hours, according to data from Benzinga Pro.
價格走勢：根據Benzinga Pro的數據，在撰寫本文時，以太坊的交易價格爲3695.39美元，此前在過去24小時內飆升了19％。
Photo by Kanchanara on Unsplash
照片由坎查納拉在 Unsplash 上拍攝