Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Whale “pleven.eth” Executes Strategic LINK Trades, Secures $3.53M Profit

A prominent crypto whale, operating under the alias “pleven.eth” (address 0xd51), has recently executed a highly strategic LINK trade, taking advantage of market volatility. Over the past 24 hours, the whale spent $3.019 million in USDT to repurchase 134,433 LINK tokens at an average price of $22.461 after the token’s price dropped by 14.51%. Interestingly, just 21 hours prior, the whale had sold 120,814 LINK for $3.019 million USDT at an average price of $24.986. This sequence of transactions marked the completion of a successful sell-high, buy-low cycle, earning the whale a remarkable $3.53 million profit (+146%) over a 1.75-year holding period. This latest activity represents the whale’s third LINK trade, following the first two which netted a combined profit of $3.292 million (+71.4%), albeit with a win rate of 50%. The recent transactions underscore the whale’s ability to capitalize on market dips and rallies with precise timing. What a successful $LINK sell-high, buy-low round! Yesterday, whale 0xd51 “pleven.eth” sold 120,814 $LINK for 3.019M $USDT and, just 6 hours ago, used the proceeds to buy back 134,433 $LINK right at the bottom of the dip. Currently, this whale is on its third $LINK trade. From… pic.twitter.com/iwWURBwpqv — Spot On Chain (@spotonchain) December 20, 2024 The whale’s calculated moves demonstrate a strong understanding of market trends and a clear strategy for maximizing returns. As LINK’s price remains volatile, such maneuvers showcase the potential for substantial gains in the crypto market when executed with precision. For traders and market watchers, pleven.eth’s trades provide valuable insights into the art of timing the market and navigating periods of heightened volatility. As LINK’s price continues to fluctuate, all eyes are on this whale’s next move. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: fellowneko/ 123RF // Image Effects by Colorcinch ZyCrypto

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Veteran Trader Peter Brandt Sees Bitcoin Flashing Bearish Signal, Warns BTC Crashing Below $80,000 a Possibility

Veteran trader Peter Brandt is warning that a bearish signal is flashing for Bitcoin, indicating that BTC might head to much lower prices. Brandt tells his 763,600 followers on the social media platform X that Bitcoin may be forming a bearish reversal pattern on the daily chart that could lead to a dip into the $70,000 range. “Hey trolls, this is not a prediction. Just always pointing out possibilities, not probabilities, not certainties. No screenshot is necessary. BTC right-angled broadening triangle could project back into the $70,000s and a test of the parabolic modality.” Source: Peter Brandt/X Looking at the trader’s chart, he seems to predict that BTC may drop to as low as $76,614 if it shatters support at around $90,000. Bitcoin is trading for $97,201 at time of writing, up fractionally in the last 24 hours. Brandt is also warning that Ethereum ( ETH ) rival Cardano ( ADA ) may be printing a head and shoulders pattern on the daily time frame and could plunge if the support level at $0.91 fails to hold. A head and shoulders pattern is typically considered a bearish reversal structure in technical analysis, suggesting that the asset’s uptrend is over. “Cardano looks like a potential car crash.” Source: Peter Brandt/X ADA is trading for $0.95 at time of writing, up 7.2% in the last 24 hours. Lastly, Brandt suggests that payments-focused altcoin XRP is printing a bullish continuation pattern on the daily chart. “XRP appears to be resolving a half-mast flag. If so, distance to the upside should equal advance into the tip of flag.” Source: Peter Brandt/X XRP is trading for $2.28 at time of writing, up slightly in the past day. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Veteran Trader Peter Brandt Sees Bitcoin Flashing Bearish Signal, Warns BTC Crashing Below $80,000 a Possibility appeared first on The Daily Hodl . ZyCrypto