Another ETH whale has emptied their holdings, with the final 2,252 ETH also sent to an exchange.
Over the past two weeks, they appear to have sold about $12.41 million worth. They originally held 5,160 ETH, withdrawn at an average price of $2,433. Today, the final 2,252 ETH—worth about $5.29 million—was transferred to OKX. If they sell it all, they’ll lose around $148,000.
This looks more like cutting losses and walking away than cashing out at the top. Leaving without even holding above their cost basis suggests they don’t have much patience for a short-term rebound.
Would you side with them for clearing out at a loss, or do you think they sold just before the dawn?
Follow me, and I’ll let you know as soon as a whale makes a move.
#eth
Over the past two weeks, they appear to have sold about $12.41 million worth. They originally held 5,160 ETH, withdrawn at an average price of $2,433. Today, the final 2,252 ETH—worth about $5.29 million—was transferred to OKX. If they sell it all, they’ll lose around $148,000.
This looks more like cutting losses and walking away than cashing out at the top. Leaving without even holding above their cost basis suggests they don’t have much patience for a short-term rebound.
Would you side with them for clearing out at a loss, or do you think they sold just before the dawn?
Follow me, and I’ll let you know as soon as a whale makes a move.
#eth
