🚨 After a loss of 2.6 million dollars, this whale makes a comeback! This Ethereum trading by a whale is being called a "textbook reverse indicator" 💸
A major player has just demonstrated a classic example of "buy high, sell low":
📉 Sold at a low point last month: On April 13, this trader sold 2,522 ETH at approximately $1,570, cashing out about 3.9 million dollars.
📈 Recently bought back at a high price: On May 22, he spent 3.8 million dollars to repurchase 1,425 ETH at a price of $2,670.
What was the result? He lost 1,097 ETH, worth as much as 2.67 million dollars!
🔍 If he had chosen to hold, the value of ETH would be approximately 6.7 million dollars, instead of the 3.8 million dollar repurchase cost.
📊 Why did Ethereum surge?
Technical upgrade: Pectra successfully launched, enhancing network scalability and user experience.
Capital influx: ETH investment products attracted over 200 million dollars in a week, accounting for 26% of market inflow share.
The current market capitalization of Ethereum is as high as 321 billion dollars, making it the 38th largest asset globally, surpassing AbbVie and approaching Bank of America.
💡 Lesson learned: It's not just the opportunity that was missed, but also the wealth.
Do not trade driven by emotions; buying high and selling low will only make you the next reverse textbook case.
Smart people hold rather than frequently chase the highs and sell the lows.