On May 14, COINOTAG reported a significant transaction in which a notable cryptocurrency whale (identified as 0xF92…CD1f9) executed a swap involving 2,000 ETH and 51.821 WBTC, valued at approximately 5.4 million USD. The executed swap rate was 2,709 USD per ETH. This move marks the whale's continued efforts to withdraw funds, with records showing that since the beginning of May, they have liquidated a total of 15,470 ETH, worth up to 37.69 million USD. The average acquisition cost for selling ETH was 2,436 USD, reflecting the strategic positioning of this market participant amid the dynamic changes in cryptocurrency. This transaction underscores the ongoing trend in the market, as institutional participants continue to adjust their positions based on current price fluctuations.
