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A major $BONK holder just moved $5.16K into $zBTC at a $20.36M market cap valuation. The move caught traders' attention in the current market cycle.
This guy should be sitting in the mempool watching, so why did he suddenly go to hit the order book? Or is this an arbitrage bot's automatic rebalance operation? Need to check on-chain data to see if there's something I missed.
BONK to zBTC, switching tracks... NGL, it feels like chasing some new arbitrage opportunity, a price gap? Or just pure FOMO. Regarding market cycles, I had a premonition it would be like this—big players have already started repositioning.