Big news in the world of cryptocurrency! Imagine a giant piggy bank holding digital money called Ethereum (ETH). One super-rich person, called a 'whale,' made a smart bet. They guessed the price of ETH would go down, and they were right!
This bet, called 'shorting,' let them make a lot of money as the price fell. Meanwhile, another person lost money because they bet the price would go up (a 'long' position).
Lots of other people also lost money because the prices of Bitcoin (BTC) and other cryptocurrencies dropped.
- A whale made $58 million by betting against Ethereum.
- Another whale lost $8.8 million by betting on Bitcoin.
- Big companies like BlackRock are also moving their crypto around.
| Fact | Number |
|---|---|
| Whale's profit (ETH) | $58 million |
| Whale's loss (BTC) | $8.8 million |
| BlackRock's ETH deposit | 18,168 ETH |
| BlackRock's BTC deposit | 1,800 BTC |
