Whale Profits $677K by Selling 2,720 ETH Amid Market Dips, Following $7.41M BTC Gains
ETH/USDT
$39,049,302,904.94
$2,145.26 / $2,009.54
Change: $135.72 (6.75%)
-0.0018%
Shorts pay
On-chain data reveals that a prominent crypto whale, previously profiting $5.16 million from shorting BTC during the LUNA/UST collapse, has liquidated 2,720 ETH, securing an additional $677,000 in gains. This investor strategically acquired ETH at an average cost of $3,437 and exited at $3,692.69, exemplifying disciplined market timing by capitalizing on price fluctuations.
The trader’s cumulative earnings underscore a sophisticated approach to crypto asset management, with total profits reaching $7.41 million from BTC and WBTC dip-buying strategies, alongside $3.697 million from ETH positions. Such movements highlight the significance of monitoring whale activity to anticipate market trends and optimize portfolio performance.
These transactions emphasize the value of leveraging on-chain analytics for informed decision-making in volatile markets, reinforcing the role of smart money in shaping cryptocurrency price dynamics.