Large buys: a bottom, or catching a falling knife?
According to Odaily, a whale bought nearly $30 million worth of ETH from Binance over the past 6 days—about 13,077 ETH at an average price of around $2,290—and is sitting on unrealized losses of over $600,000. $ETH Current price: $2,236.92, 24h: -0.27%.
With large buy orders already in the red, the price hasn’t been pushed up. In the short term, this only means more bullish positions have accumulated; it doesn’t mean the market has bottomed.
Is this genuine accumulation—or catching a falling knife?
#币圈快讯 #ETH
Personal opinion only; not investment advice.
According to Odaily, a whale bought nearly $30 million worth of ETH from Binance over the past 6 days—about 13,077 ETH at an average price of around $2,290—and is sitting on unrealized losses of over $600,000. $ETH Current price: $2,236.92, 24h: -0.27%.
With large buy orders already in the red, the price hasn’t been pushed up. In the short term, this only means more bullish positions have accumulated; it doesn’t mean the market has bottomed.
Is this genuine accumulation—or catching a falling knife?
#币圈快讯 #ETH
Personal opinion only; not investment advice.
