[Whale institutions frequently swing trading ETH, recent dip-buying profits are significant] A whale/institution that has been swing trading ETH at a fairly high frequency [with $93.74M profit from ETH swing trades] has scooped up a considerable amount of ETH in the past two days after the price dropped. Over the last two days, they transferred USDC into Coinbase, Wintermute, FalconX, etc., and then withdrew 25,004 ETH ($82.6M) at an average purchase price of $3,304. They typically don’t hold for long; as soon as the price rises by a couple of hundred dollars, they start selling in batches to lock in profits. The advantage is that they avoid getting stuck in a downtrend: during this period, when ETH dropped from over $4,000, they didn’t get trapped or lose money. The downside is that they might sell too early during an uptrend: a few months ago, they bought hundreds of thousands of ETH at around $2,500, but sold everything at an average price below $3,000. As we all know, ETH later surged past $4,000. Address: https://intel.((arkm.com))/explorer/address/0x2aAF355c820676C104bd00Ee6c506FA05998dDa2 https://intel.((arkm.com))/explorer/address/0xd8d041705735cd770408AD31F883448851F2C39d ------------------------------------------------------------ ｜Save the most on fees, grab the best rewards, become a VIP—head to Bitget!