🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
BlackRock purchases $357 million in BTC and ETH amid changing whale sentiment.
According to reports, BlackRock purchased 2,704 Bitcoins worth about $283.9 million on June 5, along with 28,239 ETH worth $73.2 million.
The total purchase value in this round for the company reached 357 million dollars. The assets under management (AUM) of BlackRock have now reached 11.5 trillion dollars, and this move further strengthens the company's strong position in the digital asset sector.
Notably, the purchase of ETH comes after the U.S. Securities and Exchange Commission (SEC) approved spot Ethereum ETF funds, which are expected to be listed in the coming weeks.
C****á voi chuyển hướng giữa Bitcoin và ETH
BlackRock's actions are somewhat different from the general trend of whales in the market. For Bitcoin, the activity of whales seems to be declining.
On-chain data shows that large investors are taking profits, which is commonly seen during the consolidation phase after a prolonged price surge.
As a result, large investors are taking profits recently and are likely preparing for a short-term correction or reallocating their investment portfolios.
The top altcoin by market capitalization is showing strong accumulation signals from whales at equivalent price levels. This aligns with the increasing interest from institutions in ETH, especially as the narrative surrounding Ethereum ETFs is gaining momentum and attracting attention.
The sentiment of retail investors has slightly decreased in recent weeks, causing the market's upward momentum to stall. BlackRock's new investment can be seen as filling a gap, playing a supportive role for the overall market — particularly for Ethereum.
While interest from whales in Bitcoin is gradually declining, ETH is currently becoming the asset favored by institutions. The behavior of large ETH holders indicates that the long-term sentiment is shifting to positive.
Their accumulation could be a positive signal for the future of Ethereum, especially with additional support from ETF funds and the continuous improvements of the network.
Dinh Dinh