【Block Rhythm】There’s an interesting development lately — a major ETH whale made moves on-chain. This entity/institution started accumulating ETH five years ago at an average cost of just $660 per coin, stacking a total of 101,000 ETH. Within the last 4 hours, they suddenly dumped all of it. The final batch of 26,000 ETH (worth $80.88 million) was just transferred to a trading platform, suggesting a complete liquidation is indeed happening.
Do the math and you’ll see how profitable this is — buying at an average price of $660 five years ago and selling everything at an average price of $3,313 recently, netting a clean $269 million profit. This is the true picture of what “long-term holders” cashing in looks like. From a financial perspective, such large transactions often signal an inflection point in market sentiment. Whether this is a market top signal or a tactical adjustment remains to be seen depending on how the market moves next.
Whoa, 269 million just like that? I need to think about whether I should bail too...
Bought at $660, selling at $3313, this guy's gains are absolutely insane this round
Cleared 101k coins in one go, how desperate for cash does someone have to be brother
Peak signal? Or is a whale preparing for buying the dip? Either way, I'm freaking out
This is what they call long-term investing... cash in your profits and dip
How much lower can this get? I'm betting I'll hit bottom before this guy
Four successful years of buying dips, and here I am buying at the mountain top
Liquidated everything in 4 hours, this liquidity must be rock solid
I'm thinking about following this whale out too
5年老鲸魚が一気に10.1万枚のETHを清算、2億6900万ドルの利益を獲得
【Block Rhythm】There’s an interesting development lately — a major ETH whale made moves on-chain. This entity/institution started accumulating ETH five years ago at an average cost of just $660 per coin, stacking a total of 101,000 ETH. Within the last 4 hours, they suddenly dumped all of it. The final batch of 26,000 ETH (worth $80.88 million) was just transferred to a trading platform, suggesting a complete liquidation is indeed happening.
Do the math and you’ll see how profitable this is — buying at an average price of $660 five years ago and selling everything at an average price of $3,313 recently, netting a clean $269 million profit. This is the true picture of what “long-term holders” cashing in looks like. From a financial perspective, such large transactions often signal an inflection point in market sentiment. Whether this is a market top signal or a tactical adjustment remains to be seen depending on how the market moves next.