Ethereum Whale Buys 25,004 ETH Worth $82.6M, Poised to Take Profits in Batches as ETH Rises

COINOTAG News, citing EmberCN on November 6, reports a sizable ETH position held by a single whale or institutional investor. The trader has allegedly earned about $93.74 million from Ethereum activity. In the past 48 hours, they added 25,004 ETH to their stack, a holding valued at roughly $82.6 million, with an average purchase price near $3,304 per token.

Staying true to their established playbook, the entity is expected to initiate profit-taking by selling in batches after ETH rises by a few hundred dollars. This pattern aims to mitigate market impact and aligns with observed behavior in prior cycles, though execution hinges on prevailing liquidity and market dynamics.

Traders should monitor on-chain activity and price action to interpret potential near-term volatility. While the report underscores continued dip-buying, credible data and prudent risk assessment remain essential for navigating Ethereum exposure in a dynamic crypto backdrop.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.