The crypto assets market has recently seen significant movements. According to the latest data from the blockchain analysis platform Onchain Lens, a seasoned Bitcoin investor made a large-scale asset adjustment in the past 6 hours. This investor deposited 2,520 Bitcoins (BTC) worth approximately $291.75 million into the Hyperliquid platform and converted them to Ether (ETH).



This move has attracted widespread attention in the market. The investor currently holds an astonishing 153,320 Ethers, with a total value of approximately $724.1 million. This large-scale transfer from BTC to ETH may reflect investors' optimism about the future development prospects of Ethereum.

It is worth noting that such a large-scale asset transfer also highlights an important issue in Crypto Assets trading: transaction costs. In high-leverage trading, the fees for opening and closing positions can account for a significant portion of the trading principal. For example, in the case of 100x leverage, the fees for a single opening and closing position could be close to 10% of the trading principal.

For investors who trade frequently, choosing the right trading platform and strategy to reduce trading costs becomes particularly important. Some trading platforms offer cashback or reduced fees, which can accumulate into a substantial amount over long-term trading and may even be a key factor for investors to maintain resilience amid market fluctuations.

As the price of ETH continues to rise, market expectations for its future performance are also climbing. However, investors should also keep in mind that the high volatility of the crypto assets market means high risk, and they should remain cautious and rational when making investment decisions.
BTC-1.18%
HYPE-0.56%
ETH-1.27%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
TradFiRefugeevip
· 9h ago
Rich people are all buying the dip off the market.
View OriginalReply0
MechanicalMartelvip
· 9h ago
Opening an order means losing for leveraged traders.
View OriginalReply0
LiquidityNinjavip
· 9h ago
The fees are just small change.
View OriginalReply0
ProveMyZKvip
· 9h ago
ETH rush rush rush! What are you waiting for?
View OriginalReply0
BearWhisperGodvip
· 9h ago
Heh, pro is watching the show while eating melon.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)