A major whale cut losses and liquidated their entire position amid today's decline, incurring a loss of $5.506 million.
According to Jinse Finance, analyst Yu Jin monitored that a whale who bought ETH 9 days ago has sold off all holdings after today's sharp drop, completing a "buy high, sell low" operation. 9 days ago, the whale used 38.017 million DAI to purchase 8,637 ETH at a price of $4,402; after this morning's sharp decline, the whale sold all holdings at $3,764, exchanging back to 32.511 million DAI, resulting in a loss of $5.506 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analyst: The Bitcoin cycle may have turned, and the overall market outlook is positive by year-end
Trending news
MoreData: In the past 3 months, there have been 73 projects with funding amounts exceeding 10 million USD, mainly concentrated in prediction markets, payments, and RWA sectors.
Five major platforms including Kalshi jointly establish the Prediction Market Alliance, dedicated to compliant development of prediction markets
Crypto prices
More
