Ethereum Whale Faces $1.23 Million Loss as Smart Money Liquidates Position at $3181

COINOTAG News reports on November 19th that a prominent trading entity, known for demonstrating a strong win rate of 87.5%, recently exited a significant position. The liquidation occurred within an 8-hour window at an average trading price of $3181. This entity had amassed a total of 10,367.76 ETH during the market’s pullback on November 12th, representing a substantial investment of approximately $32.98 million. Despite their calculated strategy, the high cost basis of $3300 resulted in a notable swing trade loss of $1.233 million. Consequently, the overall performance metrics for this whale reveal 17 successful trades out of 30 attempts, leading to an updated win rate of 82.3%. This data underscores the challenges even successful traders face in the volatile crypto market.