【Old Coin Observation】 $ETH Everyone, don’t blame yourselves for the little trading mistakes you make in your day-to-day. Just look at what other people do.
When you get hit, stand up straight.
This whale’s ETH move is kind of interesting.
Last week, it averaged $2,709 and sold 1,099 ETH.
But today, it suddenly withdrew from the exchange:
3,283.56 ETH, worth about $8.85 million.
And the price at the time of the withdrawal was actually only around $2,695.
In other words:
Right after it sold, the price dropped a bit—yet it not only bought back, it also increased its position to three times the amount it previously sold.
What we see on-chain is that it’s withdrawing from a CEX, so we can’t directly equate it with “already bought.”
However, this action at least shows:
This whale didn’t choose to keep waiting in cash for the price to fall. Instead, at a lower level, it took away a large amount of ETH again.
When you get hit, stand up straight.
This whale’s ETH move is kind of interesting.
Last week, it averaged $2,709 and sold 1,099 ETH.
But today, it suddenly withdrew from the exchange:
3,283.56 ETH, worth about $8.85 million.
And the price at the time of the withdrawal was actually only around $2,695.
In other words:
Right after it sold, the price dropped a bit—yet it not only bought back, it also increased its position to three times the amount it previously sold.
What we see on-chain is that it’s withdrawing from a CEX, so we can’t directly equate it with “already bought.”
However, this action at least shows:
This whale didn’t choose to keep waiting in cash for the price to fall. Instead, at a lower level, it took away a large amount of ETH again.
