ETH drops to $3,100! The winning rate exceeds 80%. The whale bucked the trend and increased its position in Ethereum. Is a reversal coming?

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Recently, due to factors such as the expected interest rate cut by the US Federal Reserve (Fed), the potential tariff policy of Trump after taking office, and persistent inflation, the US stock and cryptocurrency markets have been in a continuous decline. As of the time of writing, Bitcoin has fallen below $92,000 and is testing the previous low of $91,200, while Ethereum has fallen even more, already planning to test the previous low of $3,101 in December last year.

The long-term whale has re-entered the market, adding more than 3,100 ETH

However, during the decline, the successful Ethereum long-term whale has added more ETH again, causing market discussions on whether he can profit from this operation again.

According to Ai Aunt's analysis, this Ethereum long-term whale has made multiple purchases in recent days, and the current total position has reached 10,391.76 ETH, with an average purchase cost of $3,269.38. Although he is currently losing more than $1 million, Ethereum has indeed reached a low point where a rebound may be possible.

This whale is known for his long-term trading strategy, having conducted 24 long-term trades since April last year, with only 4 losing trades, achieving a win rate of 83.3% and a total profit of an astonishing $10.842 million.

From profiting from short positions to adding long positions: Will the reversal come?

The whale's most recent closing operation was on January 9, when he closed his short position, making a profit of $2.79 million. He started shorting 21,600 ETH at an average price of $3,458 on January 2, and although he had a floating loss of $5 million at one point, the market subsequently corrected, and he gradually closed his positions to make a profit.

However, whether the whale's current operation means that the market reversal has arrived remains to be observed. If the whale's vision is still correct, it may mean that a market rebound is imminent.

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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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