The post Whale’s $5.73 Million Loss on ETH: A Missed Opportunity for $7.45 Million Profit with BTC appeared on BitcoinEthereumNews.com.

According to recent analysis by on-chain expert Wu Jinyu, significant movements in the cryptocurrency market have drawn attention to whale activity. In September, a notable whale invested $25.33 million, procuring 8,010 ETH at an average price of $3,163. However, after a holding period of approximately five months, this investor opted to liquidate their position at a significant loss. Just eight hours ago, they sold 8,074 ETH for $2,427 each, converting their total into 19.6 million USDC, incurring losses totaling $5.73 million. Interestingly, had this whale invested in Bitcoin (BTC) instead, they would have realized a gain of $7.45 million. This case highlights the volatile nature of the crypto market and the critical importance of informed trading decisions in maximizing investment returns. Source: https://en.coinotag.com/breakingnews/whales-5-73-million-loss-on-eth-a-missed-opportunity-for-7-45-million-profit-with-btc/

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Filed under: News - @ February 27, 2025 3:19 am