#隐私保护话题升温 $ETH Ethereum whales are frequently making moves.

Address 0xa339 is using a loop loan strategy to go long, and today it sold 5,000 ETH in one go, directly converting to $14.6 million. The numbers look impressive, but the more intense part is still to come.

Over the past 11 days, this whale has sold a total of 35,605 ETH, with a total cash-out value of $103.7 million. The most remarkable thing is its cost structure — an average of only $2,914 per ETH to build the position, resulting in a profit margin of $13.14 million from this round of operations.

There are still 15,000 ETH in the wallet, valued at $43.88 million. These haven't been touched, meaning they still hold "live ammunition." The market is well aware that the next moves of such large accounts could once again influence short-term trends.

If you've been paying attention to these whales' movements, you'll notice a pattern — large-scale selling often signals a market turning point. Addresses with a cost basis of $2,914 and a current price significantly higher are reducing their positions, indicating a shift in confidence at certain price levels. With so many chips still in hand, monitoring these accounts' actions can help understand Ethereum's short-term resistance levels.