Whale withdrew 1,700 ETH worth 3.1 million dollars from Binance and is still holding a total of 9 million dollars in ETH despite currently facing an unrealized loss of 3.6 million dollars.
A notable development has occurred in the cryptocurrency markets. According to Lookonchain's share, a Whale account that has been inactive for a long time has resumed accumulating Ethereum (ETH). After approximately 6 months of silence, this major investor withdrew 1,700 ETH worth 3.1 million dollars from the Binance exchange 3 hours ago.
After this transaction, the total Whale's ETH holdings reached approximately 9 million dollars at 5,000. However, what is interesting is that this investor currently has an unrealized loss of 3.6 million dollars. This situation indicates that the investor likely made ETH purchases at higher price levels.
(# The strategy followed by Whales
The movements of large investors, referred to as whales in the cryptocurrency markets, can often provide significant clues about the direction of the market. In this particular case, despite the investor's losses, the continued accumulation of ETH may indicate a belief in the long-term rise of Ethereum's price.
You can also trade on Binance TR to buy Ethereum, just like the whale does.
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Whale in Loss on Ethereum Started Accumulating Again After 6 Months! - Coin Bulletin
Whale withdrew 1,700 ETH worth 3.1 million dollars from Binance and is still holding a total of 9 million dollars in ETH despite currently facing an unrealized loss of 3.6 million dollars.
A notable development has occurred in the cryptocurrency markets. According to Lookonchain's share, a Whale account that has been inactive for a long time has resumed accumulating Ethereum (ETH). After approximately 6 months of silence, this major investor withdrew 1,700 ETH worth 3.1 million dollars from the Binance exchange 3 hours ago.
After this transaction, the total Whale's ETH holdings reached approximately 9 million dollars at 5,000. However, what is interesting is that this investor currently has an unrealized loss of 3.6 million dollars. This situation indicates that the investor likely made ETH purchases at higher price levels.
(# The strategy followed by Whales
The movements of large investors, referred to as whales in the cryptocurrency markets, can often provide significant clues about the direction of the market. In this particular case, despite the investor's losses, the continued accumulation of ETH may indicate a belief in the long-term rise of Ethereum's price.
You can also trade on Binance TR to buy Ethereum, just like the whale does.