A big investor$ sold 5,578 ETH for $20.21 million, making a profit of $833,000, with an average buy price of $3,583 and a sell price of $3,624.
This whale is described as very smart and steady, having made profits in two consecutive waves (trades), with 100% win rate (no loss yet).
Another whale deposited 2.53 million SPX tokens, and profited $4.46 million — also cashing out.
📊 Market Insight
Despite some whales selling for profit, the overall trend is that whales are still accumulating ETH — 391,000 ETH were hoarded this week.
However, the fact that some whales are cashing out is a reminder: don’t be too greedy — the market could pull back (go down) after a big rise.
🚨 Warning & Suggestion
If ETH breaks above $3,600, we might see a short squeeze — meaning short-sellers will be forced to buy back ETH, pushing the price even higher quickly.
BUT, it’s also very possible ETH will retest the support zone (go down first before going up again).
✅ So, the suggestion :
Have a clear profit-taking plan instead of blindly holding. Take profits when ETH reaches a good level. Don’t be greedy.
DYOR