Family, today I want to talk about an interesting thing happening in the market. According to Spot On Chain monitoring, there's a super impressive whale investor whose operations in ETH trading are truly commendable, providing us with many signals worth pondering.
On June 10, this whale sold 30,000 ETH through Wintermute OTC at an average price of $2,621, instantly cashing in $78.63 million. Calculating it, they made $6.72 million in just 15 days, with a return rate of 8.91%.
From April 27 until now, they have made $30.45 million, with a return rate of 23.4%. The speed of making money is astonishing! But here's the key point: just 11 hours ago, this whale came back, spending $46.5 million to repurchase 16,500 ETH from Wintermute, and this time the average purchase price was even higher, reaching $2,818. There's a lot to unpack behind this buy and sell.
From the whale's perspective, their ability to sell for profit accurately before and then decisively buy back indicates that they have a good grasp of market trends and still have confidence in the market. A whale with such a large amount of capital entering the market again may have sensed that significant changes are coming.
Maybe ETH will usher in a wave of rising market soon; they are laying out their strategy in advance. From the perspective of ordinary investors, the actions of whales serve as a barometer for the market. Their large-scale buying and selling operations can easily influence market sentiment.
When other investors see that the whale has bought ETH again, they will wonder if the market is about to rise. They may then follow suit and buy, which would push the ETH price up. However, we shouldn't blindly follow the whales' actions without considering other factors. The cryptocurrency market changes too quickly and is full of uncertainty.
Although the operations of whales have some reference value, we still need to consider various factors, such as the overall environment of the cryptocurrency market, policy changes, technical indicators, etc., to make our own investment decisions. Overall, this time the ETH whale sold and then re-entered the market a day later has brought new vitality and imagination to the cryptocurrency space.
However, the market is ever-changing. Follow me for spot strategy layouts in a bull market. Don't just be a bystander in a bull market; be a winner!
