Golden Finance reports that according to Lookonchian’s monitoring data, the cryptocurrency market has witnessed significant trading trends again. Amid the continuous rise in the price of ETH, the whale, which bought 30,000 ETH for a huge amount of 75.39 million US dollars in the over-the-counter market two weeks ago, made a reverse move 20 minutes ago and sold all of its 30,000 ETH in the over-the-counter market. This transaction brought in 82.76 million US dollars. Successfully earned 7.3 million US dollars.
As the world’s second-largest cryptocurrency, the price trend of ETH has always been closely watched by the market. Recently, the price of ETH has risen strongly. The successful implementation of the Pectra upgrade on May 7th has provided strong support for its price increase. This upgrade has introduced a series of key technological improvements, including raising the staking limit and enhancing Blob data processing capabilities, significantly improving the ease of use and flexibility of the Ethereum network and injecting new confidence into investors. Meanwhile, the easing of the global trade situation has enhanced market risk appetite. The Bitcoin breaking through the $100,000 mark has driven the entire crypto market upward. The relevant signals released by the Federal Reserve have also prompted funds to flow into the crypto field. All these macro factors have created a favorable environment for the rise in ETH prices.
From the perspective of market trading, since May 8th, a large number of short positions in the Ethereum futures market have been liquidated, with the liquidation amount reaching as high as 437.94 million US dollars, far exceeding the long liquidation amount of 211.29 million US dollars during the same period. This has formed a typical “short squeeze” upward spiral, driving the price of ETH to continuously rise. On-chain data also shows that “whale” addresses holding over 10,000 ETH have been continuously increasing their holdings since late April. The total supply of ETH held by these large entities has risen to the highest level since March 2025, exceeding 40.75 million ETH.
This time, the whale quickly sold off for profit after the price of ETH rose. The reasons behind its operation are worth in-depth exploration. On the one hand, it might be that this whale believes that the price of ETH has risen too much in the short term and has reached its expected profit target, so it has chosen to cash in. The cryptocurrency market is highly volatile, and the price trend is difficult to predict precisely. Locking in profits in a timely manner is a relatively stable investment strategy. On the other hand, it could also be that the giant whale is concerned about the subsequent market trend. Although the price of ETH is currently on an upward trend, there are still many uncertainties in the market, such as changes in regulatory policies and whether the actual effect of technological upgrades can continuously support the price increase. Selling in advance can avoid potential market risks.
For ordinary investors, this trading behavior of the giant whale has certain reference value, but one must not blindly follow the trend. When making investment decisions, multiple factors need to be comprehensively considered. First of all, it is necessary to conduct an in-depth study of the fundamentals of the ETH project, including the development status of the Ethereum ecosystem, the progress and impact of technological upgrades, etc. Secondly, closely monitor the macroeconomic situation, the dynamics of regulatory policies and changes in market sentiment. In addition, it is necessary to rationally allocate assets in combination with one’s own risk tolerance and investment goals to avoid suffering significant losses due to market fluctuations. In the cryptocurrency market, maintaining rationality and composure is the key to achieving long-term investment success.
Related Topics:
- The first meeting of the China-Us economic and trade consultation mechanism was held in the UK, attracting global attention to new trends in the economic and trade landscape
- KULR spent 13 million US dollars to increase his holdings by 118.6 Bitcoins, bringing his total holdings to 920
- Saylor Claims Bitcoin Quantum Threat Is Ploy by ‘Yo-Yo Token’ Sellers
