$ETH ETH Loop Long Unwinds, Whale Sells Again 🚨
The whale “0xa339” has sold another 10,002 $ETH for $29.38M in $USDC, continuing the unwind of an $ETH long built via loop borrowing.
This move follows earlier sales tied to loan repayment and risk reduction.
In total, the whale has now sold 50,623 ETH for $147.88M in $USDC/$USDT, at an average price of ~$2,921.
Despite the scale, execution has been structured rather than panic-driven.
On-chain accounting shows the strategy remains profitable, with overall gains exceeding ~$15M after fully managing leverage exposure.
Addresses involved: 0x280203…5c12 and 0xA339d2…AE12C.
Is this the final leg of a clean deleveraging — or should the market brace for more ETH supply next? 🛑⚡️
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