TechFlow reports that the whale smartestmoney.eth responded to the large ETH transfer to a centralized exchange (CEX), clarifying it was not a sell-off or stop-loss. Instead, it was "sending ETH to the exchange to double down on long positions, not selling as people assume. Once profits are secured, I'll move them back on-chain at the peak, which is typically the optimal exit timing for ETH."
"I use CoinM (inverse perpetual contracts) as a last resort to double down on long positions, which usually gives me the highest win rate, best entry points, and ultimately the largest profits."
Previous report: smartestmoney.eth stopped out part of its recently increased ETH position, incurring an unrealized loss of approximately $1.15 million.
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