strong buy
Major ETH Whale Continues Profitable Selling Amid Market Fluctuations
In the past 8 hours, a major ETH whale has continued to reduce its holdings by 15,000 ETH through Wintermute, amounting to valued at 46 million USD. Based on on-chain analyst Yu Yan's monitoring, this whale or institutional investor, which had previously profited 30.45 million USD from two ETH swings, has continued to sell ETH for profit in the last 8 hours. They initially bought 132,000 ETH between June 11 and June 22 at an average price of 2,540 USD, then began selling ETH in batches starting July 9 for profit. So far, they have sold 88,592 ETH for approximately 246 million USD, at an average sale price of 2,779 USD, realizing a profit of 21.17 million USD from this sale. They currently hold 45,000 ETH worth about 141 million USD, with an unrealized profit of 26.86 million USD.
Source available for registered users Sign Up Free
AI Analysis
The activity of this major ETH whale indicates a strategic approach to profit realization, utilizing wave trading tactics to maximize gains. The whale initially accumulated ETH during a broader market...
AI Recommendation
Investors should monitor the ongoing sell-offs by this whale, as it could signal a shift in market sentiment from bullish to bearish. While the current profit-making activities are advantageous for th...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
You might also be interested in:
short