Data: A certain whale/institution sold another 12,500 ETH, making a profit of $9.3 million from selling 55,830 ETH over the past 3 days.
According to ChainCatcher, on-chain analyst Yu Jin has monitored that a whale/institution, which has already made a profit of $85.34 million from ETH swing trading, has once again taken profits by selling 12,500 ETH ($56.77 million): they sold 12,500 ETH through FalconX in exchange for $56.77 million USDC at a selling price of $4,542.
This whale/institution had bought 60,333 ETH at the bottom in late September and has already sold most of it: in the past three days, they sold 55,830 ETH in exchange for $247 million USDC, making a profit of $93 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like

Pyth Network Price Prediction: Can PYTH’s Breakout Reach $1.15?

Bailey speech: Too early to form strong views on the strength of 2nd round effects

15.49 trillion! BlackRock's assets under management have reached half of the US GDP
BlackRock recorded net inflows of $205 billions in the third quarter, with revenue rising 19% year-on-year to $7.75 billions. The flagship iShares ETF attracted more than $135 billions, while net inflows for private credit increased by $5 billions quarter-on-quarter. CEO Larry Fink stated that the company is entering the fourth quarter with accelerating momentum and solid reserves in the private market and pension fund businesses. However, Moody's warned that risks are still accumulating in the private credit market under the high interest rate environment.
