Giant whale sweeps 5642 ETH! $326,000 floating profit from July's cycle of long positions, bullish outlook ahead?
A certain giant whale has been continuously cycling long on ETH since July 6, accumulating a total of 5642.19 ETH at an average price of $2537.47, currently showing a floating profit of about $326,000.
The strategy employs a trend-following model with staggered entries, using multiple low buys to smooth out cost fluctuations, and the position size indicates a strong bullish expectation. In terms of market impact, its holdings account for less than 0.1% of ETH's daily trading volume, so direct price disturbance is limited, but continuous buying behavior may trigger some retail investors to follow suit.
The risk point is that if $ETH short-term pulls back below $2450, the floating profit may shrink by over 60%, and it is necessary to pay attention to changes in the macro environment, such as expectations of interest rate cuts by the Federal Reserve, which could indirectly impact the market. Overall, this operation aligns with the trading logic of institutional-level light position trial and error, and trend amplification, with the phase floating profit validating the judgment, but caution is needed regarding pullback risks.
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