The cryptocurrency market experienced another correction last weekend. The market seems to be at the intersection of long and short. Some giant whales stopped their losses because they could not bear the pressure, but some large investors took the opportunity to buy goods at low prices.
According to information shared by on-chain analyst Ember, a certain whale previously accumulated 30,654 ETH ($88.43 million) through revolving loans at an average price of $2,885. However, due to the continuous decline of Ethereum, the giant whale began to stop losses on September 7, selling 28,564 ETH at an average price of $2,272, realizing a loss of $17.51 million. Currently, there is 2,268 ETH left in the wallet, which is close to Clearance.
A whale who has hoarded 30,654 ETH ($88.43M) through revolving loans at an average price of $2,885. He started selling ETH on 9/7 and has basically completed the liquidation: 28,564 ETH ($64.9M) sold at an average price of $2,272, realizing a loss of up to $17.51M. ◎He has been buying ETH through revolving loans since December last year, and continued until July this year, hoarding a total of $2,885 at an average price of… pic.twitter.com/ZMc73utvIZ
— Ember (@EmberCN) September 9, 2024
Meanwhile, another whale named nemorino.eth bought back the Ethereum position he sold on September 6 for $2,277 yesterday morning, which jumped his position to 20,083 ETH from 18,650 ETH before the sale. (worth approximately $45.7 million).
Whale nemorino.eth bought 20,083 ETH ($45.73M) in the past 34 hours at an average price of $2,277. After selling 18,650 ETH ($43.09M) at $2,311 on 9/6, he started buying back ETH in the early hours of yesterday. He has bought back 20,083 ETH ($45.73M) in more than a day, which is more than what he sold on 9/6. Sold at $2,311 and then bought at $2,277… https://t.co/l9fysj5Y2M pic.twitter.com/eg5b9yKJm1
— Ember (@EmberCN) September 9, 2024
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