ETH Whale Catch $93.7M, Sell Last 10K ETH After Scalping
One big ETH whale don make $93.7 million profit through plenty scalping and swing trade for Ethereum. On-chain data show say e first buy like 18,000 ETH for $4,487 each to dey do intra-day scalping, e make $76.1 million profit before e do half-month swing trade. From end September go reach early October, the whale buy 80,835 ETH at average price of $4,256 and e sell all the positions in batches for FalconX at average $4,458, add $16.3 million gain. Recently, e carry the last 10,000 ETH (worth $45 million) go FalconX, finish to collect profit. After all the trade, the whale get $620 million USDC ready to maximize when price drop again. Dis big move show how on-chain analytics dey help track whale activity. Traders fit see short-term price wahala but dem dey see the scalping and swing strategies as better sign say ETH momentum dey strong.
Bullish
Di big big scalpin an swing trade dem weh di ETH whale dey do fit cause price volatility make e sharp becos of di big sell orders dem. But di constant profit takin an di way dem dey gather USDC reserve show say dem get strong confidence for ETH’s upside, way dey make dem dey buy again wen price drop. Di on-chain data show say di whales dey use di intra-day spread an di medium-term swing well well, weh traders see as signs say di market go strong. For di long term, if di whales still dey interest an get plenty capital, e fit help price remain stable an push ETH price up.