👀👀Experienced Ethereum Whale Used His Mind Again: $83 Million Is Not Enough for Him! 👀👀

According to Lookonchain data, a whale associated with Longling Capital took advantage of the drop in Ethereum prices to buy 6,000 ETH. This whale is an experienced investor in Ethereum trading, and it is reported that he made a total profit of $83 million by buying low and selling high.$ETH

Makes Huge Profits by Buying Low and Selling High

This whale bought a total of 75,400 ETH (approximately $180.4 million) as of May 8, 2023, and bought them at an average price of $2,392. During the same period, he sold 50,800 ETH (approximately $172.8 million) at an average price of $3,401, making a significant profit.

This strategy of the whale shows that he effectively evaluates market fluctuations and uses price declines as buying opportunities. In order to make a high profit margin, he prefers to buy at a low price and sell at a high price.

Strategies of Ethereum Investors

Ethereum price pullbacks often create opportunities for large-scale and institutional investors. Such moves by experienced investors provide important clues about how strong players in the market analyze price movements.

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