Ethereum Whale 0x3c9 dey sell 49K ETH for dip, den dey buy am again for higher price
On-chain analytics platform lookonchain don find repeated trading activities from big whale address 0x3c9E. Between end of July and the past 20 hours, the whale don sell about 49,482 ETH (around $184.5 million) when price dip and buy back roughly 24,300 ETH (about $109.9 million) for higher price levels. The net outflow wey come be 25,182 ETH (near $74.6 million) show say Ethereum get short-term wahala for price, with execution prices from $3,548 to $4,747 per ETH. This kain pattern fit mean say the whale dey do active liquidity management and balance-sheet rebalancing. This big sell pressure fit put weight for Ethereum price soon. Traders suppose dey watch on-chain indicators and lookonchain alerts for updated whale activities and changing liquidity conditions.
Bearish
Di substantial net outflow of more pass 25,000 ETH by whale address 0x3c9E dey add strong sell-side pressure to Ethereum’s order book. Di same whale sell-off pattern for past don relate with short-term price drop and increased volatility. Although di whale’s partial rebuys show effort to manage exposure, overall balance-sheet rebalancing dey show cautious sentiment. For short time, dis activity fit increase downside risk and market volatility. For long run, di impact go depend on wider demand and macro factors, but steady big outflows generally dey signal bearish bias for Ethereum.