- Strategy buys 538,125 BTC at $36.63 billion.
- Silver-tongued analyst warns Michael Saylor over a possibly failed move.
- He says MSTR will have to be sold to avoid liquidation after the next BTC dip.
TThe crypto market’s brutal dip that began earlier this week and set off a harsh start to the new month and quarter continues to be pulling down the crypto market. The prices of all leading assets have been flailing steadily and pumping very slightly just to fall again. Amid the BTC and ETH price dips one ETH wallet speculated to be linked with Trump’s World Liberty Finance sells 5,471 ETH at a $125 million loss.
ETH Wallet Speculated to be Linked to Trump’s WLFI Sells ETH
As crypto analysts continue to find bullish signs on various crypto price charts, one ETH wallet seems to have made an intriguing move. As we can see from the post above, Arkham analytics find that one ETH wallet has just sold 5,471 ETH amounting to $8.01 million at $1,465 per ETH for a total loss of $125 million. The post also highlights how the wallet sent $210 to buy 67,498 ETH at an average price of $3,259.
The post also draws attention to the fact that the ETH wallet could likely be linked to Trump’s World Liberty Finance. If this is true, why did World Liberty Finance choose to sell ETH at a loss? Has the entity given up on ETH and will it start selling ETH in bulk ? Or does it see a grander picture that shows a greater dip ahead? Is this a new strategy that aims to avoid a greater loss in a strategic move to later accumulate ETH at much lower prices to reap greater gains?
Responses to a similar post highlighting the same ETH sell move consider this move a strategic one where the entity either decided to sell out of desperation or is aligning with a strategic pivot. If the many forecasts and the significant price chart indicators for altcoins point to anything, it is that altseason is yet to approach and pump signals are abundant across a myriad of altcoins.
Traders Believe a Greater Loss Lies Ahead
However, calls for a greater dip hinder the eventual arrival of the altseason and its peak altcoin prices. To get ahead of this traders are making smart decisions to avoid greater losses, realize existing profits, and hedge their risks. While long-term holders see no harm in waiting out the storm, others are taking a more active approach and moving their assets in time to avoid the storm and perhaps accumulate much heavier crypto holdings once the market stabilizes and prepares to hit new highs once again.
