神悟-大表哥
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【ETH Whale Holds $10 Million for Three Years, Left in Tears - Ultimately a Fruitless Endeavor!】
As ETH declines, the ETH staked by the whale is facing large-scale liquidation! Currently, the market's attention is focused on a whale holding over 60,000 ETH (worth $340 million) that is about to be liquidated! This whale adds some margin to avoid liquidation when the price approaches the liquidation threshold, but whether due to limited funds or to prevent further investments from being liquidated, it only moves the liquidation price down a few dozen dollars each time, hoping for a quick rebound in ETH!
Interestingly, this whale acquired its ETH through a revolving loan in May 2022, at an average price around $2,200. Let's reflect on what happened in May 2022? The Luna Crash!
During the Luna Crash, ETH plummeted, and many institutional whales were liquidated, yet this whale managed to withstand the halved price without being liquidated! After three years of holding on through the price halving, the highest return achieved was only a doubling! Perhaps the expected return price was not reached, so the whale continues to hold on! Now, everything may turn out to be a fruitless endeavor!
If ETH continues to decline, it will technically enter a 'bear market trend!'
Will the market favor the truly great believers??
Currently, through additional capital, this whale's liquidation price has moved down to $1,781.
As ETH declines, the ETH staked by the whale is facing large-scale liquidation! Currently, the market's attention is focused on a whale holding over 60,000 ETH (worth $340 million) that is about to be liquidated! This whale adds some margin to avoid liquidation when the price approaches the liquidation threshold, but whether due to limited funds or to prevent further investments from being liquidated, it only moves the liquidation price down a few dozen dollars each time, hoping for a quick rebound in ETH!
Interestingly, this whale acquired its ETH through a revolving loan in May 2022, at an average price around $2,200. Let's reflect on what happened in May 2022? The Luna Crash!
During the Luna Crash, ETH plummeted, and many institutional whales were liquidated, yet this whale managed to withstand the halved price without being liquidated! After three years of holding on through the price halving, the highest return achieved was only a doubling! Perhaps the expected return price was not reached, so the whale continues to hold on! Now, everything may turn out to be a fruitless endeavor!
If ETH continues to decline, it will technically enter a 'bear market trend!'
Will the market favor the truly great believers??
Currently, through additional capital, this whale's liquidation price has moved down to $1,781.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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