Crypto Whale Bets Big on BTC and ETH Rebound

A prominent cryptocurrency whale, known as "Set First 10 Major Goals," has potentially taken profits and switched to a long position around $90,000 in BTC, simultaneously opening a long position in ETH. This move suggests a bullish outlook on both cryptocurrencies. The whale's current unrealized loss is estimated to be around $15.62 million.

The whale's BTC position is at an entry price of $90,207, with a holding of 2,069 BTC. Meanwhile, the ETH position has an entry price around $2,285, with a holding of 10,800 ETH. These positions indicate a significant investment in both cryptocurrencies, with the whale likely expecting a rebound in prices.

This news comes amidst a volatile market, with the US stock market losing $1.5 trillion and the cryptocurrency market losing $300 billion. However, the whale's actions suggest a belief in the long-term potential of BTC and ETH, despite the current market conditions.

In other news, former US President Trump has expressed his desire to make the US the world capital of cryptocurrency. He has also proposed a cryptocurrency strategic reserve plan, which has been dubbed "Schrodinger's Cat" by some in the community.

Meanwhile, a soccer star known for his earnings of over one billion a year has been accused of delivering a brutal blow to retail investors through a rug pull. This incident serves as a reminder of the risks associated with investing in cryptocurrencies, particularly when dealing with unregulated and unproven projects.