ChainCatcher report: According to on-chain analytics, address 0xead…E9D55 sold 23,924 ETH over the past 10 hours at an average price of $1,888.71, totaling approximately $45.18 million. The funds in this address originated from two sources: 19,000 ETH accumulated in 2017 (cost basis ~$357 per ETH) and 7,038 ETH withdrawn from exchanges between December 2023 and April 2024 (cost basis ~$2,709.43 per ETH). After reducing its position, the address deposited 15.998 million USDC as margin on Hyperliquid and placed limit buy orders for BTC, ETH, and HYPE. The address currently holds positions worth approximately $56.18 million, primarily long positions, with an unrealized loss of about $6.462 million.
ETH whale sells 23,924 ETH worth $45.18M, places long orders for BTC, ETH, and HYPE
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Summary
Whale activity trading saw a major Ethereum whale sell 23,924 ETH over 10 hours at $1,888.71, totaling $45.18M. The funds originated from 19,000 ETH purchased in 2017 and 7,038 ETH withdrawn from exchanges between 2023 and 2024. After the sale, the address deposited 15.998M USDC on Hyperliquid and placed long orders for BTC, ETH, and HYPE. The position size is $56.18M, with a floating loss of $6.462M. This move may test key support and resistance levels in the coming days.
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