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Noticed a new movement from a well-known whale in the Ethereum market! 🐋 This whale (0x65B4) is moving again in the market after a past incident. About (approximately 14 hours ago), it spent $12.5 million in USDC to buy around 6,228 ETH at an average price close to $2,007.
What made me think of this is that the same whale had a similar story before. Last October, when the market crashed, the whale entered with $32.6 million and bought ETH and cbBTC, but the trade was never successful. It sold at a loss of nearly $829,000 in November. So, the timing wasn’t right back then.
The question on my mind now: Has this whale learned from its past mistake and read the market better this time? Or will we see new losses? Time will tell us 🤔