#美联储回购协议计划 The whale dumped another 5,000 ETH but secretly accumulated 15,000? How many tricks are hidden in this move?

$BTC $ETH $ZEC

On-chain activity has exploded again. This familiar face starting with 0xa339—the whale who疯狂堆杠杆 using "revolving loans"—sold another 5,000 ETH yesterday, cashing out nearly $15 million and then running. At first glance, it looks like panic selling, but actually? It’s very calculated.

After reviewing his trading history, I found several interesting details:

**This isn’t a one-time move; it’s a continuous series**
He has sold over 40,000 ETH in total, with a total cash-out of around $118 million, locking in an average selling price near $2,917. This price point is clearly a key profit zone for him.

**The real trick is in what comes next**
While continuously unloading at high levels, his wallet still holds a steady 15,000 ETH, with a paper value exceeding $44 million. This isn’t just clearing out; it’s more like adjusting his high-position—realizing profits while maintaining a heavy position. This is called reducing leverage + risk hedging.

**Revolving loan players’ self-rescue manual**
For those involved in DeFi lending, what’s the biggest fear? Liquidation overnight. The true intention behind this high-level cash-out is likely: to lighten debt when prices are good, and add a "protective shield" for himself. His past experience tells him that market turns often catch traders off guard, so managing positions in advance is very wise.

What can we learn:

· When you see "whale selling," don’t just run away; look at the entire position. Operations like leaving a large bottom position are often not bearish signals but sophisticated position management.
· The short-term market may face pressure, but the support level at 2800-3000 cannot be ignored. Actions around this zone often determine the next trend.
· Leverage is a double-edged sword: it amplifies gains but can also cause instant liquidation. Even top players always prioritize risk control. Ordinary retail investors should never imitate such extreme maneuvers lightly.

Honestly, is this move smart money hedging and preparing for a big trend, or is it accumulating ammunition for a major rally? Maybe both. What’s your take?