The ETH whale was trapped: after the drop yesterday morning and early today, he spent a total of 48.38 million USDT to long 12,525.4 ETH at an average price of $3,863. The current ETH price is $3,680, and the whale is now underwater by $2.3 million. According to the whale's previous trading style, he is likely to hold on and wait to break even (or wait for a rebound) after being trapped.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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