Buy 3860, sell 2330—FG Nexus’s treasury-operation move here is a textbook-level contrarian indicator

According to Lookonchain, FG Nexus bought 50,770 ETH between August and September 2025 at an average price of $3,860, with a total investment of approximately $196 million; subsequently, starting from November 2025, they began selling, and have now sold 36,025 ETH at an average price of $2,330, recovering about $83.92 million. FG Nexus's cumulative loss on its Ethereum treasury strategy has exceeded $85 million.