TechFlow reports that on January 19, according to on-chain analyst EmberCN (@EmberCN), a whale/institution skilled in swing trading sold 10,000 ETH at $3,321 each before the price drop this morning, avoiding the subsequent downturn and securing a profit of $1.51 million. The whale completed the sale at 5 a.m., while ETH price fell to $3,200 between 7-8 a.m.
The ETH was originally purchased by the whale at $3,170 per unit 11 days ago, following losses from a failed Bitcoin futures long position. This trader has previously accumulated $96.67 million in profits through multiple swing trades on ETH.
Add to Favorites
Share to Social Media
