2025-12-28 02:21:46

There is an interesting on-chain trend worth paying attention to. A whale address starting with 0xa339 has recently been engaging in leverage trading — first amplifying leverage through circular borrowing to go long on Ethereum, then selling 5,000 ETH to exchange for approximately 14.7 million USDC.

This whale's trading record is even more exaggerated. In total, it has sold off 40,621 ETH, with a total profit of $118.5 million. The average selling price per ETH is about $2,917.

The movements of large holders often reflect market participants' outlook on the future. From borrowing leverage to phased profit-taking, what does this combination of whale actions imply? Is it risk hedging or phased profit realization? Perhaps this is a microcosm of the current market sentiment.

ETH0,5%

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StopLossMaster

· 10h ago

This whale probably sniffed something out, going long first and then flipping to sell... This move is really a bit fierce. Making 118 million isn't enough, they have to play with leverage for some excitement? These are all signals, wake up everyone. Eat your fill and run, smart people can see through it. Over 40,000 ETH... If I had that kind of capital, I would have already laid low. Is the contract side about to push another wave? Looking forward to the show.

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SerumSquirter

· 10h ago

This whale is really ruthless, going long while dumping, and just took 118 million USD? --- 40621 ETH are being sold off one after another, this pace... feels like big players are starting to run away --- Average sell price is 2917, what’s the current price? Is this guy making a killing or hedging risks? I just can’t figure it out --- Using collateralized loans to go long and then flipping to sell, is this a trick or just smart? Anyway, I can’t understand it --- Many say that whale movements reveal market sentiment, but I’ve never seen anyone profit from it --- Converted 14.7 million USDC, is this chess or cutting people? Feels like there’s something going on --- Wait, is this guy still going long or has he already run away? On-chain data can’t tell the full story

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ForkTrooper

· 10h ago

Damn, is this whale here to play leverage and harvest profits? $118.5 million in gains, it's breaking my mindset.

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SchrodingerProfit

· 10h ago

A typical whale tactic: leverage to pump the price and then dump to unload... This move looks like a signal that the harvest of retail investors is imminent.

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Web3Educator