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Whale big moves during ETH correction: accumulating 20,000 ETH at low prices, with nearly $100 million in swing profits
【BlockBeats】Interesting events on January 21. There is an address that has been very active on ETH these days. The day before yesterday, it took profits at a high point, earning $1.51 million USD. Less than two days later, taking advantage of the recent pullback window, it directly bought in 20,000 ETH through the counterparties Wintermute and FalconX, totaling $59.4 million USD, with an average price of about $2,970 USD.
The rhythm of this wave trading is quite skillful. The key point is that this address also has a good track record—having accumulated $98.18 million USD in profits through ETH swing trading. The timing and price differences between selling at the high and building positions at the low are well-controlled, showing a professional approach with a clear trading plan.
In this situation, it’s worth observing the subsequent trend to see if there are further actions after this new position.