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Big Whale continues to reduce ETH holdings, selling over 35,000 coins in 11 days to cash out over $100 million
【Blockchain Rhythms】A recent move by a whale has attracted attention. This whale address that uses flash loans to long ETH, (0xa339), has just sold another 5,000 ETH in the past few hours, converting them into 14.6 million USDC.
What’s even more interesting is his overall performance over the past 11 days. He has sold a total of 35,605 ETH, worth $103.7 million, with an average price of $2,914. Based on the cost of this transaction, he has securely realized a profit of $13.14 million.
Although reducing his position, this whale still holds a significant amount of chips—15,000 ETH, valued at $43.88 million. This scale of holding indicates his attitude towards the subsequent market trend is quite interesting: he is taking profits while not fully exiting the market.
Brothers, they’ve already made a profit of 13.14 million, and we’re still calling the bottom.
This is called making money; we can only look up in envy.
I’ve learned this brother’s routine; by this time next year, I’ll be able to shout it out too.
Big brother is indeed big brother; reducing positions can still earn over a billion, while I only reduce positions to gain experience.
Oh my, why is the average profit gap so huge?
1.5 million coins weren’t fully withdrawn, indicating the good show is still to come; we’ll just keep getting harvested.
This logic is perfect; entering the market while selling and staying steady, a typical "I’m doing okay" stance.