Ether trader turn $125K to $43M, confirm $6.86M profit afta market dip
One Ether trader take turn im $125,000 stake to peak value of $43 million for four months for Hyperliquid by dey continuously compound long positions, data from Lookonchain talk like that. After market drop just now, the trader close all im positions and lock in net profit of $6.86 million—55 times return. Meanwhile, Ethereum whales and US spot Ether ETFs don show say dem dey take profit: on Friday, ETF outflow reach $59 million, and top Ether wallets like 0x806 and 0x34f sell ETH worth $9.7 million and $1.29 million respectively according to Nansen data. Market analysts dey warn say dis profit-taking fit limit short-term upside and make market consolidate. Traders dem advised to watch leverage levels and Fed rate decisions, cos if dem send any hawkish signals, e fit trigger sharper swings for Ethereum and whole crypto market.
Neutral
Wen di trader make big profit show how Ethereum fit rally well well, di big wahala of profit taking by whales and ETF money wey dem dey withdraw mean say market dey go rest small, no be say e go keep go up straight. For past, big long liquidations and whales wey dey sell dey cause small short time fall—like after di rally wey happen for Q1 2021—but e no stop di big trend wey dey last long as leverage come balance. For short time, Ethereum fit dey sideways, market go dey jump up and down as dem dey reason Fed policy and leverage risk. For long term, more institutions wey go adopt and new money wey go enter Ether ETFs fit help di price better again.