On the eve of an interest rate cut, this move with ETH is quite interesting.
Remember the flash crash on 10/11? The whale who timed a perfect short back then is making new moves now. Yesterday, he suddenly closed his shorts and went long. Currently, he's holding 54,514 ETH, worth $170 million, with an unrealized profit of $4.59 million. What's even more aggressive is that he has set aside room to add another 30,000 ETH on a pullback, ready to buy more at any time.
Since he first went long, ETH has climbed from $2,956 to $3,133, a 5.98% increase. This whale definitely has sharp instincts.
But then again, the market is always weird right before a rate cut. Black swan "wick" events have happened in the past. Could this be another bull trap before a round of profit-taking? Whether to follow or not, that's up to you. Either way, the whale still has bullets left, so let's keep watching how this plays out.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
5
Repost
Share
Comment
0/400
BearHugger
· 12-09 21:35
The whale is acting up again. Will we really be able to catch it this time, or is it going to dump on the market again?
View OriginalReply0
fren_with_benefits
· 12-09 21:21
This whale is playing with fire again, it's really insane.
View OriginalReply0
ApeEscapeArtist
· 12-09 21:19
It's that whale again, their instincts are really impressive. But I'm still a bit timid, I don't dare to go all in with this kind of market before a rate cut.
View OriginalReply0
LightningClicker
· 12-09 21:11
Here he comes again. This guy's instincts are really spot-on. Last time he bought exactly at the bottom, and now he's turning bullish again. I believe he's got something.
View OriginalReply0
GrayscaleArbitrageur
· 12-09 21:10
This whale really knows how to pick the timing, pulling this move on the eve of the rate cut... I'm a bit nervous.
On the eve of an interest rate cut, this move with ETH is quite interesting.
Remember the flash crash on 10/11? The whale who timed a perfect short back then is making new moves now. Yesterday, he suddenly closed his shorts and went long. Currently, he's holding 54,514 ETH, worth $170 million, with an unrealized profit of $4.59 million. What's even more aggressive is that he has set aside room to add another 30,000 ETH on a pullback, ready to buy more at any time.
Since he first went long, ETH has climbed from $2,956 to $3,133, a 5.98% increase. This whale definitely has sharp instincts.
But then again, the market is always weird right before a rate cut. Black swan "wick" events have happened in the past. Could this be another bull trap before a round of profit-taking? Whether to follow or not, that's up to you. Either way, the whale still has bullets left, so let's keep watching how this plays out.