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COINOTAG News reported on August 18th that on-chain data analyst Yu Jin has observed interesting movements within the Ethereum (ETH) ecosystem. Following a brief uptick in ETH prices, a notable whale known for having a “Long ETH with $125,000 Liquidation” seized the opportunity to capitalize on unrealized gains. This strategic maneuver has resulted in an increase in their holdings, growing from $100 million to an impressive $137 million. Currently, the whale’s entry point has been set at $4,314, while their liquidation threshold stands at $4,207. Such substantial activity not only reflects the whale’s confidence in ETH but also underscores broader market sentiments regarding cryptocurrency trends. Investors and analysts alike are closely monitoring these developments, as they could indicate potential shifts in market dynamics.
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