According to on-chain analyst Ai Yi (@ai_9684xtpa), this address allegedly liquidated 1,605 ETH after holding Ethereum (ETH) for nearly a year on June 16.
The total value of this transaction is approximately $4.03 million, but if sold, the holder would face a loss of $480,000.
This portion of ETH was purchased at an average price of $2,814 from OKX and Kanga Exchange between June 2024 and February 2025, while the current recharge price is $2,515, indicating a price drop of about 10% during that period.
This means that this whale holder chose to liquidate amid market fluctuations, possibly to cut losses or readjust their investment strategy.
This event not only reveals the volatility and risks of the cryptocurrency market but also reminds investors to remain vigilant and flexible in the market.
Transactions from whale addresses often impact the market because they involve the flow of large amounts of capital. Investors need to closely monitor these movements to make informed investment decisions.
Blockchain technology and the cryptocurrency market also offer many opportunities. Despite the inherent risks, it provides investors with diverse investment options and innovative financial tools. For those willing to delve into research and understand market dynamics, the blockchain world remains full of potential.
The liquidations by whale addresses remind us once again that investing in cryptocurrencies requires caution and strategy. Market volatility is inevitable, but through proper analysis and judgment, investors can find their place in this challenging and opportunity-rich field.