Whale of Ethereum Waves Again and Adds More Positions
The high-profit Ethereum wave whale added approximately 3,100 ETH, worth about 9.98 million US dollars, despite the current floating loss. Whether this counter-trend addition can achieve a reversal and become the focus of investors’ attention remains to be seen.
(Background: V God implies that the Ethereum Foundation is “very important”: technology funds should encourage open source and suppress closed and predatory mentalities)
Recently, influenced by factors such as the potential interest rate cut by the Federal Reserve, potential tariff policies after Trump’s inauguration, and sticky inflation, both the US stock market and the cryptocurrency market have been falling. At the time of writing, Bitcoin fell below $92,000 once again, testing the previous low of $91,200, while Ethereum experienced a larger decline and is already planning to test the previous low of $3,101 in December last year.
Whale of Ethereum Waves Again and Adds More Positions of Over 3,100 ETH
However, during the decline, the consistently profitable Ethereum wave whale added positions in ETH again, sparking discussions in the market about whether he can profit again this time.
According to analysis, this Ethereum wave whale has made multiple purchases in recent days, and the current total holding has reached 10,391.76 ETH, with an average purchase cost of $3,269.38. Although there is currently a loss of more than one million US dollars, Ethereum has indeed reached a low point where a rebound may occur.
This whale has been known for his wave operations for a long time. Since April last year, he has conducted 24 wave operations, with only losses occurring in four of them. He has achieved a winning rate of 83.3% and accumulated profits of an astonishing $10,842,000.
Update: One and a half hours ago, the whale added 3,100 ETH at an average price of $3,220.35 (approximately $9.98 million)
With this, his wave position has officially exceeded 10,000 ETH, currently holding 10,391.76 ETH, with an average price of $3,269.38, and a floating loss of nearly $795,000.
The recent waves have been quite heart-wrenching. Could it be another bittersweet journey? pic.twitter.com/uTC0OtQ1jb
– Ai Yi (@ai_9684xtpa) January 13, 2025
From Making Big Profits in Shorts to Adding Positions in Longs: Can the Reversal Arrive?
The whale’s most recent closing operation was to end the short position on January 9, making a profit of $2.79 million. He started shorting 21,600 ETH at an average price of $3,458 on January 2. Although there was a floating loss of $5 million at one point, he gradually closed the position and made a profit.
However, whether this whale’s operation indicates a market reversal is yet to be observed in the subsequent trend. If the whale’s judgment is still accurate this time, it may mean that a market rebound is imminent.
