A major whale has been using a cyclic leverage lending strategy to go long on Ethereum, but recently has been gradually closing positions. The latest data shows that this address has just sold another 5,000 ETH, converting it into $14.7 million USDC.
This selling action is part of a 12-day position reduction plan. From holding 50,000 ETH, the address has now reduced to just 10,000 ETH, cashing out 40,605 ETH with an average transaction price of $2,917. Roughly calculating, the entire reduction cycle has yielded a profit of $15.1 million.
What does this transaction reflect? The once aggressive long strategy is now adjusting. From large leverage increases to incremental position reductions for profit-taking, the shift in market sentiment often reveals itself in these whale actions. Monitoring such large addresses may help us detect market turning points earlier.
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PuzzledScholar
· 11h ago
Whales have run away, and we, the bunch of leeks, are still sleepwalking.
I was wondering why it felt like the top, turns out the big players already ran off.
15.1 million profit... I’ve lost my underwear in the process.
This guy is really ruthless, cutting from 50,000 to 10,000 coins, just like that, no hesitation.
Wait, he still has 10,000 coins unsold? Is this a trap to lure more in?
Sold an average of 2917 coins, and at this price... damn.
This is the real story of the "high-position bagholder" being cultivated, in the opposite direction.
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RugPullProphet
· 11h ago
Another whale is fleeing, and we're still picking up the bag
Large investors reducing their positions is a signal. This time, they cashed out a profit of 15.1 million... Why does it always feel like we're the ones catching the last fall
Dropping from 50,000 coins to 10,000 coins, I can't learn this kind of move
Stay alert everyone, when the whales leave, the market also quickly follows
It's both reducing positions and increasing leverage. I've seen many retail investors lose everything in this rhythm
Relying on leverage to make a living will eventually lead to a crash, but they've already taken their profits
Why does it always feel like whales are always one step ahead of us...
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MemecoinTrader
· 11h ago
ngl, the memetic velocity on this whale liquidation is fascinating... classic pre-correction sentiment cascade. watching $15.1M in realized gains hit the books while retail still chasing hopium. alpha's always in the exits, not the entries fr
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CexIsBad
· 11h ago
Whales are moving, this market trend is about to change
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It's the same pattern again, when big players act, the entire market crashes
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15 million USD profit, this is our gap
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Wait, he's closing his position and we're still taking the bait?
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At this pace, someone has to step in later
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Watching whale movements is much more reliable than looking at the K-line
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Leverage long positions are taking profits, what's the next step?
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The closing wave is coming, everyone be careful
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AirdropBuffet
· 11h ago
This whale has backed down, $15.10 million ran away.
A major whale has been using a cyclic leverage lending strategy to go long on Ethereum, but recently has been gradually closing positions. The latest data shows that this address has just sold another 5,000 ETH, converting it into $14.7 million USDC.
This selling action is part of a 12-day position reduction plan. From holding 50,000 ETH, the address has now reduced to just 10,000 ETH, cashing out 40,605 ETH with an average transaction price of $2,917. Roughly calculating, the entire reduction cycle has yielded a profit of $15.1 million.
What does this transaction reflect? The once aggressive long strategy is now adjusting. From large leverage increases to incremental position reductions for profit-taking, the shift in market sentiment often reveals itself in these whale actions. Monitoring such large addresses may help us detect market turning points earlier.