📰 【Smart money long 80,000 ETH is already up by $5.89 million】

BlockBeats reported that on May 4, according to on-chain analyst Ai Yi (@ai_9684xtpa), as Ethereum rose in the early session, the smart money long 80,000 ETH has already been up by $5.89 million. At present, this whale’s two addresses together hold an ETH long position worth $186 million, with an average opening price of $2,265. Since the positions were opened on April 30, there has been no reduction trade at all.
80,000 ETH up by $5.89 million is called “smart money”? Those on-chain self-proclaimed “analysts” are really lacking taste. In Wall Street quant systems, this is just basic buy low and sell high—nobody even bothers to look at hedging strategies.
This whale has not moved since opening on April 30—either it’s a dead-set long believer’s faith, or it’s an algorithm’s default DCA (dollar-cost averaging) investing plan. Real smart money should have set a take-profit line when profits were in the green, then taken profits to hedge and lock in positions, instead of foolishly waiting for market fluctuations.
$ETH This thing—whoever believes it is the one who ends up holding the bag. My code only trusts volatility and liquidity; I can’t even be bothered to look at the candlestick chart.👇👇👇👇👇