The crypto market has experienced a modest correction, with some major coins witnessing small declines among the wider bull run.
This dip occurs amid a critical whale activity and reveals divergent strategies among the biggest players in the crypto market.
Crypto Whale plays both sides: accumulation and sales
Data from Beincrypto Markets revealed that the broader crypto market has dropped by 3.83% over the past 24 hours. Furthermore, seven of the top 10 cryptocurrencies are red.
Bitcoin (BTC), the flagship crypto, has fallen 0.48% in the past day. Ethereum (Eth), Lido Staked Ether (Steth) and Tron (TRX) defeated this trend, with the latter recording the highest profit of 3.19%.
Meanwhile, the (micro) strategy purchased DIP. The company has announced the acquisition of 21,021 BTC, worth approximately $2.46 billion. The average purchase price was $117,256 per coin.
The purchase will be funded by an initial public offering of Variable Rate Series A Persistent Preferred Stock (STRC) of $2.5 billion, increasing the company’s total holdings to 628,791 BTC. The company currently sits with $281.8 billion of unrealized profits.
“With a total revenue of approximately $2.522.1 billion, this is the largest US IPO that has ever been completed in 2025, based on total revenue and the largest exchange-listed permanent preferred stock offering in the US since 2009,” the company added.
Furthermore, the BTC yield from the beginning of the year was 25%. The acquisition coincides with the company’s pattern of leveraging its stocks and debt to strengthen its BTC reserves.
In addition to the strategy, Lookonchain highlighted that digital asset platform and infrastructure provider Anchorage Digital also increased Bitcoin exposure.
“Anchorage Digital has accumulated 10,141 BTC ($119 billion) from multiple wallets over the past nine hours,” Lookonchain posted.
In contrast, previously dormant investors’ activities showed a more profit-oriented approach. LookonChain reported that after 12 years of dormant, the Bitcoin holder transferred 343 BTC for $452 million worth. Of these, Bitcoin OG deposited 130.77 BTC for $15.45 million and placed it in Kraken.
“This OG received 343 BTC (approximately $29,600 at the time), which had a BTC price of $86 12 years ago, which is a 1,368x return!” revealed by the blockchain analytics company.
This small transfer follows one of the largest Bitcoin transactions ever performed in cryptocurrency history. Beincrypto reported that Galaxy Digital has sold over $9 billion of more than 80,000 Bitcoin on behalf of long-term investors.
The Ethereum market has seen similarly contrasting whales’ behavior. The new wallet (0x3DF3) has accumulated over $45 million worth of ETH worth of ETH through Galaxy Digital.
“Since July 9th, nine fresh wallets have accumulated 640,646 ETH ($2.43 billion),” writes Lookonchain.
However, this accumulation is offset by sales. On-chain analysts noted that Galaxy Digital deposited 5,000 ETH worth $19.28 million on Coinbase, and Cumberland moved 10,592 ETH worth about $40.79 million on the same exchange.
Additionally, fidelity followed the same path, sending Coinbase 12,981 ETH, valued at around $49.7 million.
“The address of the suspected Hashki capital facility moved 12,000 ETH to OKX the day before yesterday and withdrew 46.16 million USDT from OKX yesterday. That means these 12,000 ETH are on sale at a price of $3,847.”
Therefore, Crypto whale divergence strategies (accumulation and liquidation) want a variety of risk appetites and outlooks in the market.
The postcryptic market will fall 3.8% if the whales are split.
