According to ChainCatcher, analyst Yu Jin has been monitoring a certain whale/institutional investor who has recently exhibited a clear swing trading strategy.
Five days ago, this investor sold 70,000 ETH (approximately $223 million) at an average price of $3,188, only to re-enter the market. They transferred 153 million USDT to Binance and withdrew 57,725 ETH (approximately $162 million), with an average purchase price of $2,820. Currently, the investor holds approximately 432,000 ETH (worth $1.24 billion), with an average holding price of $3,332, resulting in a paper loss of approximately $200 million. Previously, the investor had successfully short ETH, profiting $24.48 million, before switching to a long and using 1.5x leverage to increase their position.
