On July 5, an Ethereum whale purchased 1,616.53 ETH when the cryptocurrency market experienced a sharp decline.
This transaction is equivalent to approximately 4.038 million USD with an average price of only 2,492.04 USD/ETH, helping the whale currently profit about 37,000 USD temporarily.
MAIN CONTENT
Ethereum whales have taken advantage of the price drop to purchase a large amount of ETH.
This transaction yields a remarkable profit of approximately 37,000 USD thanks to an effective dip-buying strategy.
How did an Ethereum whale execute a transaction when the market dropped sharply?
According to recently published tracking, the whale 'bought the dip' of 1,616.53 ETH at a time when the market experienced a rapid decline within 8 hours. This investment action is based on extremely accurate trend capturing experience in a volatile market.
Buying a large amount of ETH at a price of only about 2,492.04 USD per coin shows that this investor has deep expertise and understanding of the cryptocurrency market, taking advantage of low-price opportunities to maximize profits.
What is the current profit of this dip-buying transaction, and what does it indicate?
With an investment value of approximately 4.038 million USD, the whale is currently making a temporary profit of nearly 37,000 USD based on the current market price. This profit reflects the investor's accurate predictive ability and effective risk management in the cryptocurrency market.
"When the market is highly volatile, experienced individuals often identify potential buying points to grow their investment portfolio."
Mr. Nguyen Van Hung, CEO of Cryptocurrency Investment Consulting Company, 2024
Why is monitoring whale behavior important for cryptocurrency investors?
The actions of whales often have a significant impact on liquidity and price trends in the cryptocurrency market. Monitoring their transactions provides individual and institutional traders with important data to make more accurate trading decisions.
For example, the dip-buying transaction of the ETH whale above demonstrates that recognizing the time when the market declines provides significant profit opportunities if there is a correct strategy.
What investment strategies do whales apply when the market experiences high volatility?
Whales often use a buying tactic when the market undergoes a deep downturn, called 'buying the dip.' This strategy requires experience and technical analysis, avoiding FOMO or panic selling that can lead to significant losses.
At the same time, they allocate capital wisely and closely monitor on-chain developments to determine the optimal buying and selling time.
A comparative chart between the purchase price and the current market price of the ETH whale transaction
Parameters Average Purchase Price Current Market Price Estimated Profit Amount of ETH 1,616.53 ETH 1,616.53 ETH – Value 2,492.04 USD/ETH ~2,516.00 USD/ETH (estimated) ~37,000 USD Total Investment Value 4.038 million USD ~4.075 million USD ~37,000 USD
Frequently Asked Questions
Who are Ethereum whales and why are they important? Ethereum whales are investors who hold large amounts of ETH, often influencing price and liquidity due to high-volume trading. Why is the dip-buying strategy effective in cryptocurrency investing? Buying the dip allows for purchasing assets at low prices, taking advantage of subsequent recoveries to generate profits, but requires thorough analysis and should not be rushed. How to monitor Ethereum whale activities? On-chain analytics platforms and analysts provide information about large transactions for investors to reference. How do whale transactions affect the cryptocurrency market? Large trades can cause price volatility, create buying or selling trends, and affect the sentiment of retail investors. Does the investment cost in ETH change much over time? ETH prices fluctuate continuously due to market factors, consensus mechanisms, and global macroeconomic factors.
Source: https://tintucbitcoin.com/whale-eth-mua-1-616-eth-loi-37k-usd/
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