Whale Operation Revealed! How to Interpret Market Trends Behind the Shocking Sale of 150,000 ETH?

On-chain monitoring data shows that after a rise in the cryptocurrency market today, a whale who acquired 150,000 ETH early on quickly transferred 25,000 ETH to Kraken. Notably, this whale has been selling ETH obtained from ICOs in batches at different prices, with a total of 90,000 ETH sold, amounting to $227.45 million. Specific operations are as follows:

In July 2019, sold 5,000 ETH at $218 (1.09 million dollars). In June 2024, sold 10,000 ETH at $3,539 (35.39 million dollars). From September to October 2024, sold 50,000 ETH at $2,516 (125.34 million dollars). In November 2024, sold 25,000 ETH at $2,625 (65.63 million dollars).

The selling path of this whale reflects a strategy of gradually cashing out profits from the bull market and provides important signals for the current ETH trend. As market sentiment heats up, can it continue to push ETH higher? Follow Boshi for daily in-depth analysis of market dynamics, seize opportunities in potential coins, and stay ahead of the game!

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