Whale 0xcB9 Secures $5.18M Profit by Timing ETH Short Before Price Drop

ETH

ETH/USDT

$2,127.12

+4.51%

$2,127.12

+4.51%

(24s)

24h Volume

$39,049,302,904.94

24h H/L

$2,145.26 / $2,009.54

Change: $135.72 (6.75%)

Long/Short

69.8%

Long: 69.8%Short: 30.2%

Funding Rate

-0.0018%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,121.96

▲ 1.67%

Volume (24h): -

Resistance Levels

Resistance 3$2,577.98

Resistance 2$2,403.28

Resistance 1$2,234.29

Price$2,121.96

Support 1$1,994.75

Support 2$1,826.83

Support 3$1,157.44

Pivot (PP):$2,110.44

Trend:Downtrend

RSI (14):32.9

According to LookIntoChain analytics reported by COINOTAG News on June 6th, a prominent whale identified as 0xcB9 strategically liquidated a long position ahead of the recent ETH price correction. This timely move allowed the investor to mitigate losses and pivot to a short position, capitalizing on the market downturn. Over the last fortnight, this trader has realized gains totaling approximately $5.18 million in Ethereum trading. Such activity underscores the significance of monitoring whale behavior for market participants seeking to anticipate price volatility in the crypto space.

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