As negotiations between the United States and Iran begin in Switzerland, important steps are being taken by both countries in the negotiations.
Accordingly, Iran commits to ensuring unhindered freedom of navigation in the Strait of Hormuz and granting inspectors from the International Atomic Energy Agency (IAEA) full access to its nuclear facilities. The United States, meanwhile, issued a general license allowing trade in Iranian crude oil and petrochemicals until August 21.
This situation pushed Bitcoin above $65,000 and the whales became active.
According to analytics platform Lookonchain, the whale account “bc1qhx,” which purchased 2,500 $BTC (worth $202 million) at $80,936 a month ago, deposited the remaining $2,480 $BTC (worth $161 million) in Binance. This transaction resulted in a loss of more than $39 million for the whale.
According to the EmberCN analysis platform, one of the first $SHIB whale who bought 103 trillion $SHIB for 37.8 $ETH (around $13,700 at the time) in 2020 began selling off some of its holdings.
At this point, over the past month, investors have sold about $3.8 trillion. $SHIB for approximately $20.73 million. The investor, who once held 17.4% of the total $SHIB supply, had assets valued at approximately $9.1 billion in 2021.
However, as investors who did not sell at the time saw their profits decline over the years, the whale made small sales. Despite these sales, the whale still owns approximately $96.27 trillion. $SHIBrepresenting approximately 16.3% of the total supply. Currently, this amount stands at approximately $457 million.
According to Onchain Lens, a new wallet withdrew around 2,500 $BTCworth around $163 million, from Binance. Withdrawals from exchanges are generally interpreted as a sign of conserving funds.
Finally, Bitmine (BNMR), the company led by Tom Lee, known as a big bull in the market, announced that it purchased 52,203 Ethereum last week, bringing its total $ETH assets at 5,672,956 $ETH.
The average purchase price of the company is approximately $1,751, while the current value of the total $ETH Assets are estimated at approximately $10.007 billion.
The company’s overall average purchase price is $3,407, and unrealized losses are approximately $9.32 billion, representing a loss margin of 48.2%.
Bitmine President Tom Lee said the company plans to continue its strategy of constant accumulation $ETH Until 2026, adding that its current holdings represent approximately 4.7% of Ethereum’s total supply.
*This does not constitute investment advice.
