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Bought approximately $112.4 million and pocketed approximately $24.48 million—that’s the ETH ledger of OTC whale 0x8c58.
Lookonchain: Address 0x8c58 has fully sold 52,001 ETH in batches. The average purchase price was approximately $2,162 and the average selling price approximately $2,632; the final transaction sold the remaining 9,996 ETH (approximately $25 million). Earlier, on September 24, it had already sold approximately 42,005 ETH. At the time of writing, ETH was approximately $2,375 and BTC approximately $81,361.
In my view: Selling everything looks more like taking profit above the cost basis, not necessarily permanent bearishness—the approximately $470-per-ETH average price difference is the core of this trade.
Do you think these OTC whales will exit in stages, or come back to buy after the drop?
Follow for updates—I’ll keep writing when there are developments in the ledgers of whales like this.
ETH
-3.85%
BTC
-1.12%
ZhongLing
2026-10-15 09:33
From the 9th to today, the 15th, shorting from 84,000 to around 80,000! A 4,000-point move—is that enough for you to drink a case of genuine Romanée-Conti? I don't know whether others managed to profit, but Zhong Ling's longtime followers definitely did! From zero to one, from one to infinity, sometimes all it takes is waiting for a trend!
$BTC $ETH #美国9月CPI超预期 #Solana大升级定档 #现货黄金收复CPI后跌幅 #Ledger被植入间谍芯片