Market Reactions to Powell's Speech: Whale Reopens BTC and ETH Positions

According to PANews, a prominent cryptocurrency trader, known for consistently successful trades, has reopened long positions in Bitcoin (BTC) and Ethereum (ETH) following a market downturn triggered by a speech from U.S. Federal Reserve Chair Jerome Powell. The speech, which took place at 2:30 AM UTC+8, led to a decline in the market. The trader had previously closed BTC positions at a price of $112,846 and has now reopened them at $110,123, investing approximately $113 million. Similarly, ETH positions were closed at $4,000 and reopened at $3,889, with an investment of $52.3 million. The trader continues to hold Solana (SOL) positions, which have been increased to a total value of $108 million, despite the asset being underwater.