Information about the activities of ETH whales in the cryptocurrency market
Notable activities of the ETH whale
On June 19, sources in the cryptocurrency community revealed the trading activities of an ETH whale with wallet address 0xF89…8AEfe. This whale has been active in the market since 2018. Most recently, about 5 hours ago, they purchased 1,501 ETH at an average price of $2,530 per ETH. The total transaction value reached approximately $3 million 797 thousand. This is the fourth time in four years that this whale has engaged in ETH trading activities. In the previous three transactions, they recorded a total profit of approximately $528 thousand.
Details about the whale's strategy in the cryptocurrency market
The activities of this ETH whale indicate a trend of accumulation and long-term investment. Large investors often take advantage of price volatility to optimize profits. Continuous transactions and connections over the years reflect the accumulation strategy of the whale, where the profits contribute to increasing market volatility. Their actions often have a significant impact on the Ethereum network, especially during periods of strong price fluctuations. This is a vivid example of how cryptocurrency whales influence price trends and market liquidity.
Important implications for investors
For retail investors, monitoring the activities of such whales is key to predicting market trends. If whales continuously increase or withdraw ETH, it may signal significant upcoming fluctuations. The cryptocurrency market is increasingly fragmented, and analyzing large activities helps shape appropriate trading strategies. Investors need to pay attention to these signs to optimize profits and minimize risks when participating in the ETH market and other cryptocurrencies.
Source: https://tintucbitcoin.com/thuat-toan-mua-1501-eth-du-doan-xu-huong/
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