According to on-chain data analyst Yu Jin’s monitoring, the Ethereum whale that started swing trading in April this year won again in yesterday’s ETH volatility, ushering in its 8th consecutive victory, which was also the ninth victory in 10 swings.
After the U.S. Federal Reserve (Fed) announced a sharp interest rate cut of 50 basis points in mid-month, the cryptocurrency market saw a sustained rebound, and Ethereum, which had been sluggish for a long time, also hit the $2,700 mark on September 24.
However, with the emergence of selling pressure, Ethereum has been oscillating at the $2,600 level in recent days. Compared with Bitcoin, which has reached its highest point since early August this morning, ETH still seems to be unable to achieve it.
ETH whales win 8 consecutive games
However, despite the market volatility, according to the monitoring of on-chain data analyst Yu Jin, the Ethereum whale, which has been frequently engaged in swing trading since April this year, won again in yesterday's volatility, ushering in its 8th consecutive victory, which is also the ninth victory in 10 swings:
Band man just sold at a profit, completing his 10th ETH band, making another profit of $554,000, and currently has a record of 9 wins and 1 loss.
After ETH pulled back in the morning, he bought 10,206.4 ETH at an average price of $2,571, worth about $26.24 million, and then just sold them all at a price of $2,626, making a profit of $554,000.
According to statistics from Ember, the whale started its first wave on April 25 this year, and ended the wave on August 12 with a loss of $149,356. Since September 4, it has made profits for eight consecutive waves, with a cumulative profit of more than $3.44 million. Many community members exclaimed "too fierce", "other whales are selling, but he is making profits", and they are also curious about how he cultivated his trading model and market sense?
Ethereum spot ETF 9/25 fund inflow of $43.23 million
It is also worth mentioning that with the recent market rebound, the US Ethereum spot ETF has also begun to see net inflows of funds.
According to Sosovalue data, as of September 25, the Ethereum spot ETF had a net inflow of US$43.23 million. On September 24, the net inflow was as high as US$62.51 million.
If the Ethereum spot ETF continues to attract funds, it is expected to push ETH to rise further. Interested readers can continue to pay attention to when the next operation of the whale in this band will occur.
