ETH swing trading profit reaches $93.74 million, whale liquidates last 10,000 ETH 5 hours ago
According to ChainCatcher, as monitored by Ember, whales/institutions made their final profit-taking transaction of ETH today: 5 hours ago, they transferred the last 10,000 ETH ($45.05 million) to FalconX. Over the past half month, they earned $16.33 million from this ETH swing trade: in late September, they bought ETH at an average price of $4,256, and from October 2nd until now, they have gradually sold off 80,835 ETH ($360 million) at an average price of $4,458.
Now, they have already made a profit of $93.74 million through ETH swing trading. After liquidating their ETH holdings, they now hold as much as $620 million in USDC, waiting for the next swing buying opportunity.
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.
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