Notable trading activities of two wallets with ETH
On June 22, two large cryptocurrency wallets made a sudden profit-taking move by selling a total of 4,598 ETH, equivalent to a price of 10.95 million DAI at an average selling price of $2,383/ETH. This was a relatively quick reaction in the context of increasingly complex market fluctuations, reflecting a strong increase in panic sentiment in the cryptocurrency market.
Opportunity to buy back at a higher price and significant loss
Just three hours later, when the ETH price rebounded significantly, these two wallets decided to buy back 4,455 ETH at an average price of $2,459/ETH, equivalent to $10.95 million. However, this transaction caused them to incur a loss of up to 142 ETH, equivalent to about $353K. This level of loss indicates the risks of the sell-off and buy-back strategy in a rapidly fluctuating market.
The mentality of securing profits and risks in short-term trading
The ability to manage capital and control short-term risks is a key factor for cryptocurrency investors to enhance sustainability in their investment strategies. The moves of these two wallets are a testament to the risks taken when attempting to capitalize on price recovery waves. A loss of 142 ETH, while not too large compared to the total trading volume, reflects the complexity and instability of the market.
Impact and lessons for cryptocurrency investors
Investors need to be particularly cautious with "panic sell" moves, as they can lead to opportunities to buy back at much higher costs, resulting in significant financial losses. Additionally, closely monitoring cash flows and the behavior of large wallets, including whales or organizations, is a comprehensive strategy that helps predict fluctuations and adjust investment strategies accordingly.
Conclusion
The cryptocurrency market always operates with intense fluctuations. Sudden sell-offs and buying back at higher prices on ETH show that controlling emotions and investment strategies are vital factors. The lessons from these transactions will broaden the perspective for both new and old investors in optimizing profits and minimizing risks.
Source: https://tintucbitcoin.com/hai-vi-ban-46k-eth-roi-mua/
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