The smart whale strategically trades ETH, profiting from market movements. With recent withdrawals and deposits, it boasts a 100% win rate in trading.
Recent Moves of the Smart Whale
Lookonchain recently reported a smart whale has been making significant moves in the cryptocurrency market. Just minutes ago, he withdrew 5,040 ETH ($8.17M) from Binance. This withdrawal adds to its total of 24,548 ETH ($40M) withdrawn from Binance since September 5. The average withdrawal price for these transactions is $1,631.
On September 6, the smart whale withdrew another substantial amount of ETH. This time, it withdrew 9,689 ETH ($15.8M) from Binance. Prior to that, it had made a deposit of 36M USDT to Binance and withdrew a total of 19,508 ETH ($32M).
Strategic ETH Trading by the Smart Whale: Profiting from Market Movements
It seems that the whale has a strategy of buying ETH when its price is at its lowest. This is evident from the deposit of 36M USDT to Binance on September 5, followed by a withdrawal of 9,819 ETH ($15.9M).
Another interesting event occurred on July 1 when the SEC announced that spot Bitcoin ETF filings were inadequate. As a result, ETH plummeted but quickly rose afterward. This smart whale was able to take advantage of this situation by buying 8,188 ETH ($15.23M) before the rise.
With a deposit of 32M USDT to Binance, the whale then withdrew 8,188 ETH at a buying price of approximately $1,860.
According to a Lookonchain report on June 28, the smart whale made a deposit of 25K ETH ($47.24M) to Binance and withdrew 15.9M USDT. It is evident that this whale has a knack for buying ETH at low prices and selling at high prices, resulting in profitable trades. In fact, the whale boasts a 100% win rate in trading ETH over the past 2 months since the Lookonchain report on June 28.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
