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Whale cash-out signal: Sold 35,000 ETH in 11 days, made $13 million in profit, and still holding 15,000 ETH.
【Chain News】An interesting on-chain signal: a large holder who was long ETH through cyclic loans has been continuously reducing their position recently. In the past few hours, they sold another 5,000 ETH in exchange for $14.6 million USDC.
Looking at a longer timeframe, this whale’s activity over the past 11 days is even more intriguing — a total of 35,605 ETH sold, cashing out $103.7 million, with an average cost of $2,914. They made a profit of $13.14 million from this. It’s clear that they have been reaping substantial gains from this wave of market movement.
However, they haven’t fully exited the position. Currently, they still hold 15,000 ETH, worth about $43.88 million. It appears they are gradually taking profits while retaining some holdings to plan for the future. Such strategic moves by large investors are worth paying attention to.
Truly a smart person. When it's time to act, act; when it's time to be greedy, be greedy. We can only learn from him.
The problem is, when will we have his level of awareness?
He should have already sold out. Now at this price level, he's still daring to hold? Truly bold.
Reducing positions gradually is the right way, unlike us who are numb from being trapped.
15,000 coins are still in his hands. This guy is really confident it will rise further.
Hey, shouldn't we also think about when to cash out?
In my opinion, this kind of operation with both entry and exit is true investing; what we do is gambling.