- Protection Fund
  1,000 BTC Protection Fund to safeguard your assets
- Career
  Join WEEX and build the future
- WXT Zone
  Exclusive fee rates and airdrops
- Announcement Center
  Get the latest updates from WEEX
- Elite Trader
  Share strategies and earn rewards
- Crypto Wiki
  Master trading with easy-to-follow guides
- Affiliate
  Unlock exclusive perks and high commissions
- Crypto News
  Keep up with the latest crypto trends
- Contact Verifier
  Verify the channels you use
- VIP Perks
  Become a WEEX VIP today
- Events Calendar
  Explore WEEX events around the world
Buy Crypto
- header.nav.buy
  header.nav.buy_desc
- P2P Trading
  Buy crypto with 0 fees
Markets
Futures
- USDT-M Futures
  Perpetual futures settled in USDT
- Demo Trading
  USDT-M futures demo
- About Futures
  Trade with confidence
- Leaderboard
  Current & past leaderboards
Spot
Copy Trade
WE-Launch

Scan to download
More options

Sell-off BTC to go long on ETH Ancient Whale's initial funding source was BitForex, a CEX that was repeatedly criticized by ZachXBT

By: theblockbeats.news|2025/08/21 19:22:09

BlockBeats News, August 22, according to @mlmabc monitoring, today a whale from ancient times sold a large amount of BTC and went long on ETH. The whale's initial funds came from BitForex, a trading platform that has been repeatedly criticized by on-chain detective ZachXBT.

This ancient whale has sold 2,970 BTC (about $334 million) in the past 24 hours and purchased 50,470 ETH spot (about $215 million), while also longing 135,263 ETH on Hyperliquid (about $575 million).

BlockBeats previously reported that on February 26, 2024, BitForex's hot wallet recorded a fund outflow of about $56 million on February 23. Shortly after this fund outflow occurred, user withdrawal requests encountered processing delays, and the trading platform has not yet issued any official announcement.

On July 20, 2024, BitForex stated that after a five-month shutdown due to an investigation, withdrawal services would be reopened; however, trading and deposits would remain suspended, and withdrawals would require completion of KYC verification.

If Ethereum breaks above $4400, the mainstream CEX cumulative short liquidation pressure will reach $2.072 billion.

A certain ancient whale has once again thrown 2970 BTC and gone long on ETH, with their ETH long position now exceeding 185,000 coins.