An interesting on-chain signal — a leading institution recently revealed its view on digital assets through its actions. The address bottomed out two months ago at an average price of approximately $113,000, purchasing a total of 264.8 BTC with an investment of about $30 million. The decision at that time now seems somewhat disadvantageous, with unrealized gains on paper reaching $5.7 million. However, this whale clearly has not given up; instead, it adjusted its strategy again today. The latest move was to buy $8.5 million worth of XAUt (gold-backed stablecoin). Data shows that this address has been steadily accumulating XAUt since early October, with a total investment of about $12.42 million, and now holds 2,371.4 tokens. This approach of holding volatile assets like BTC while continuously increasing positions in stable assets like XAUt seems to hint that smart money in the market is preparing for some changes.

BTC-2.55%
XAUT-0.7%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
SatoshiHeirvip
· 2h ago
It should be pointed out that this on-chain data essentially reveals the asset allocation logic of institutions—the dialectical unity of volatility and stability, without a doubt.
View OriginalReply0
FarmHoppervip
· 01-05 05:01
Still daring to buy the dip, this whale is really ruthless. I can't learn this kind of move.
View OriginalReply0
ApeShotFirstvip
· 01-05 04:58
Damn, is this whale still adding to their position? Holding on stubbornly through a 5.7 million floating loss—unmatched mentality.
View OriginalReply0
GateUser-9ad11037vip
· 01-05 04:57
Smart money is playing chess, while we're still watching the market...
View OriginalReply0
UncleLiquidationvip
· 01-05 04:56
What is this whale gambling on? Losing in BTC but still throwing money into XAUt?
View OriginalReply0
GetRichLeekvip
· 01-05 04:53
Losing 5.7 million and still buying, this chip distribution... the market maker is playing chess.
View OriginalReply0
GateUser-5854de8bvip
· 01-05 04:53
The whales are still adding to their positions, which reassures me that the bottom hasn't been reached yet.
View OriginalReply0
FlashLoanLarryvip
· 01-05 04:40
This whale is really wealthy. Even after such a drop, they still dare to continue adding to their position.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)