The post ETH Whale Faces $1.17 Million Loss After Unloading 13,453 WETH Despite High Win Rate appeared on BitcoinEthereumNews.com.

COINOTAG News reports that a notable Ethereum whale, tracked by @ai_9684xtpa, has recently liquidated a significant portion of its holdings, highlighting the volatility inherent in the cryptocurrency market. Selling 13,453 WETH, the whale executed the transaction at an average price of $3,419.64, incurring a loss of approximately $1.17 million. This sale, which followed a period of accumulation on December 20th, further emphasizes the challenges that even seasoned investors face in scalping strategies. Initially acquired at a cost of $3,506, the recent sale represented a shift in the whale’s win rate, which has now dipped to 81%. With a total of 21 trading rounds and 17 victories, the cumulative profit has decreased to $4.53 million. Such data underscores the importance of robust risk management practices in the dynamic realm of cryptocurrency trading. Source: https://en.coinotag.com/breakingnews/eth-whale-faces-1-17-million-loss-after-unloading-13453-weth-despite-high-win-rate/

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Filed under: News - @ December 30, 2024 9:22 am