TechFlow news, November 21 — According to on-chain analyst Yu Jin, a whale/institutional investor has recently demonstrated a clear swing trading strategy. Five days ago, this investor sold 70,000 ETH (approximately $223 million) at an average price of $3,188 in a capitulation move. Today, they re-entered the market by transferring 153 million USDT to Binance and withdrawing 57,725 ETH (around $162 million) at an average purchase price of $2,820.
The investor currently holds approximately 432,000 ETH (worth $1.24 billion), with an average holding cost of $3,332, resulting in an unrealized loss of about $200 million. Previously, this investor successfully profited $24.48 million from shorting ETH before switching to a long position and increasing their exposure using 1.5x leverage.
