ETH Sees $47.1 Million TWAP Buy Pressure as Two Whales Continue to Accumulate

BlockBeats News, August 12th, according to TradingBeats (formerly Hyperinsight) monitoring, this morning two whales simultaneously initiated an ETH contract TWAP buy order, planning to collectively purchase 25,000 ETH, equivalent to $47.158 million.

At the time of writing, two orders have been executed for approximately 10,100 ETH, $19.025 million, completing 40.4% overall; there are still 14,900 ETH, about $28.117 million, being executed.

Among them, 0x66f plans to purchase 18,000 ETH, currently 43.6% completed; 0x1ee7 plans to buy 7,000 ETH, currently 32% completed.

The monitoring shows that both whales have shifted to ETH after closing their previous short positions. 0x1ee7 closed a 5,000 ETH short position this morning, moving from short to long; 0x66f has cleared a previous approximately $19.69 million SKHX short position and now holds long positions in BTC and ETH.