"Eric Trump Urges Bitcoin Buying as Whales Accumulate During Dip"

Eric Trump, son of former President Donald Trump, has recently advised investors to buy Bitcoin during market dips. This comes as the cryptocurrency market experiences volatility, with significant transactions and liquidations occurring in the past few hours.

In a recent development, a prominent whale, known as "7 Siblings," has purchased 12,070 ETH worth approximately $28.75 million during the market dip. This transaction highlights the interest of large investors in accumulating more cryptocurrencies at lower prices.

Additionally, the cryptocurrency exchange Bybit has been actively involved in the market, purchasing an additional 36,893 ETH via over-the-counter (OTC) transactions. This move suggests that the exchange is also taking advantage of the market dip to increase its holdings.

However, the market has also witnessed liquidations, with an address holding 12.61 cbBTC being liquidated for approximately $1.11 million. This indicates that some investors are facing margin calls due to the market's volatility.

In other news, the Bybit attacker has been active in transferring funds between different networks. SlowMist, a blockchain security firm, has reported that the attacker has used THORChain to transfer over 70,000 ETH to the Bitcoin network. This incident underscores the importance of security measures in the cryptocurrency market.

Eric Trump's advice to buy Bitcoin during market dips aligns with the strategy of many experienced investors, who view dips as opportunities to accumulate more cryptocurrencies at lower prices. As the market continues to experience volatility, investors should remain vigilant and consider their risk tolerance when making investment decisions.