Whale Withdraws 1,687 ETH from Gate.io: A $4.2 Million Move in an Accumulation Strategy

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

COINOTAG News reports that on May 12th, scrutiny from LookIntoChain has revealed a significant movement of Ethereum (ETH) by a prominent whale address. This address has recently executed a withdrawal of 1,687 ETH from Gate.io, valued at approximately $4.2 million. Over the past three months, this whale has strategically liquidated a total of 50,165 ETH, amounting to around $104.5 million. Remarkably, during this period, the price of ETH hovered around $2,084, enabling the entity to transform a paper loss of $21 million into a paper profit of $21.7 million. Such activities by large holders underscore the potential for market volatility and serve as a critical signal in monitoring crypto market dynamics.