Surprising information about dormant ETH whales returning to the market
Details about the ETH flow being locked for 1.2 years
On June 19, the on-chain analysis platform Lens recorded a notable event. An ETH whale unexpectedly moved positions after more than a year and a half of being deposited. In total, they revived a series of 7,182 ETH, with an estimated value of around $18.08 million. At the initial moment, this ETH was withdrawn from Binance, 1.2 years ago. At that time, their value reached $22.96 million. Currently, this investment is facing a net loss of about $4.87 million.
Market developments and the trend of ETH whales
The slow capital withdrawal of this whale from its reserve position highlights the primary trend of large investors in the cryptocurrency market. When ETH experiences a downward fluctuation, this action prompts keen analysts to question the strategies of holding or preparing to exit as the market fluctuates. Is this a positive or negative signal for the uptrend of the cryptocurrency market in the coming months?
Value and investment sentiment towards ETH
With the current value of approximately $2,512 per ETH, investors may wonder about the future direction. The market is witnessing significant volatility, sometimes pushing ETH close to short-term bottom prices. However, the whales are withdrawing, possibly as a profit-taking strategy or preparing for the next price surges. Cryptocurrency investment always requires caution, especially given this cumulative loss variable.
Source: https://tintucbitcoin.com/dai-gia-crypto-rut-7182-eth-sau-12-nam/
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