Wow! Insider whale scoops up over 200 million Ethereum, is the market about to "take off"?
Recently, the operations of an insider whale in the Ethereum ETH market have attracted significant attention. After the market flash crash on October 11, it has been continuously increasing its long positions, currently holding 65,801.61 ETH, with a market value of over 200 million dollars, and has placed a limit buy order for about 4006.4 ETH at the price level of 3100 dollars, clearly indicating its intention to continue buying.
Its holding cost is 3066.36 dollars, with a profit of about 3.6 million dollars, showing optimism about the future trend of Ethereum. Its strategy may influence other investors, as some may follow suit and buy in due to the whale increasing its positions, driving market sentiment positively.
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