Although Ethereum experienced a huge surge last night, breaking through the $2000 mark again after a long period of violation, there were still whales choosing to claim compensation and sell out at this time, and the entire transaction resulted in a total loss of $183 million for the whale.I think last night was another thrilling night for everyone! Asset management giant BlackRock has officially announced its application for an Ethereum spot ETF, allowing Ethereum (ETH) to directly break through $2100, rising by over 12% in the past 24 hours, reaching its highest level since May this year
Although Ethereum experienced a huge surge last night, breaking through the $2000 mark again after a long period of violation, there were still whales choosing to claim compensation and sell out at this time, and the entire transaction resulted in a total loss of $183 million for the whale.
I think last night was another thrilling night for everyone! Asset management giant BlackRock has officially announced its application for an Ethereum spot ETF, allowing Ethereum (ETH) to directly break through $2100, rising by over 12% in the past 24 hours, reaching its highest level since May this year.
Learn more and more professional information, follow the public, good: Maliao eats coins. If you have any doubts, welcome to comment on Sixin
Giant whale claims a windfall of $183 million
With Ethereum breaking through the $2000 mark again after a long period of violation, some speculators have made significant profits, while others have chosen to take losses and exit the market during the rise.
According to the monitoring of the on chain analysis team Lookonchain, after a significant increase in ETH prices, a giant whale deposited 30001 ETHs, totaling approximately $63.3 million, into Coin An. However, he did not choose to exit due to speculation and profit, but suffered losses exceeding hundreds of millions of dollars.
According to statistics, the giant whale once extracted 123000 ETHs (approximately $451 million) from the trading platform at an average price of $3672. In other words, its holding cost of ether was over $3600, and it has been losing money in the bear market of 2023 for a long time. Perhaps it cannot bear the pain of continuous floating losses. From the previous wave of rising ETH to $1800, it continued to transfer its holdings of ether to the exchange for sale:
- Ether prices rose to $1850 and 10000 ETHs were transferred to the exchange,
- After rising to $2100 this time, Ethereum transferred 30001 ETHs to the exchange.
Therefore, if he had previously transferred 83000 ETHs to the trading platform at a price of $2246 in Ethereum, all previously proposed Ethereum would have been fully transferred back to the exchange. Based on conversion, the entire transaction or loss of the giant whale would have amounted to 183 milliondollar.
.Etherscan
Six institutions queue up to apply for Ethereum spot ETFs
Coinbase ETH CoinbaseETF SEC .
5 ETF VaneckARKInvest/21SharesHashdexInvesco US/GalaxyETHE ETH .
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