A certain swing trader liquidated 3,000 WETH, earning only $30,000, after once having an unrealized profit of $2.87 million but not taking profit.

ETH0,14%

Foresight News reports that, according to @ai_9684xtpa monitoring, swing trader nemorino.eth bought 9,043 WETH at an average price of $3,085 from November 24, 2024, to January 20, 2025. In mid-January, he temporarily had an unrealized profit of $2.87 million but did not take profit. 12 hours ago, he sold 3,000 WETH during a decline, realizing a profit of only $30,000. He still holds 4,089.83 WETH, with an unrealized loss of approximately $472,000.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Why Does Ethereum Price "Rise with Bitcoin but Ignore Fundamentals"? Bitwise Reveals: 65% of Price Movement Determined by Bitcoin

Bitwise's research indicates that Ethereum's price movements are primarily driven by Bitcoin and macroeconomic liquidity, with relatively weak influence from on-chain fundamentals. The model shows that Bitcoin volatility can explain 65% of Ethereum's volatility, while accommodative monetary conditions and ETF fund flows also contribute to Ethereum's price. The current market views Ethereum as a "network commodity," and its price movements in the short term may still be dominated by Bitcoin and the liquidity environment.

GateNews3m ago

BitMine Stock Price Surges 16%: Ethereum Price Mismatch Creates Arbitrage Window, $24 Becomes Key Watershed

BitMine (BMNR) stock price has surged recently, with a single-day gain of nearly 14% on March 16, closely related to its held Ethereum assets. However, BMNR and Ethereum show a phase mismatch, leading to short-term decoupling. Institutional funds are arbitraging this opportunity, with significantly increased trading volume. The technical side shows positive signals, but key resistance is around the $24 level, with attention needed on breakthrough performance at this level and subsequent price action.

GateNews11m ago

Ethereum Launches Fast Confirmation Rules FCR, Deposit Time May Be Shortened to 13 Seconds to Reshape L2 Experience

Ethereum will introduce the "Fast Confirmation Rules" (FCR) on March 18, enhancing the efficiency of asset transfers from Layer 1 to Layer 2, with confirmation times reduced to approximately 13 seconds. This mechanism is implemented through "fast confirmation blocks," which enhance network throughput and user experience without compromising security, and is expected to drive the adoption of L2 solutions. No hard fork is required, simplifying the deployment process.

GateNews17m ago

Citi significantly lowers Bitcoin and Ethereum target prices, with policy delays constraining upside potential

Citigroup has lowered its 12-month target prices for Bitcoin and Ethereum to $112,000 and $3,175 respectively, mainly due to the slower-than-expected progress of U.S. policy initiatives. Although the target prices have been reduced, both assets still have room for upward movement. The market's diminished expectations for demand growth make the sustainability of capital inflows a critical factor. If regulatory conditions improve, the target prices may be raised; otherwise, the downward adjustment will be justified.

GateNews17m ago

Tim Scott: US Senate Crypto Bill May See Breakthrough, Stablecoin Yield Controversy Enters Critical Stage

US Senate Banking Committee Chair Tim Scott indicated that disagreements regarding stablecoin yield payment provisions could make progress this week, with compromise proposals expected to be received. The bill aims to clarify the US regulatory framework for crypto assets, with ongoing negotiations involving multiple key provisions that, if agreed upon, would have far-reaching implications for the crypto market.

GateNews37m ago

A certain whale purchased 3156 ETH from a certain CEX, and currently holds 4697 ETH.

Gate News reported that on March 18, according to Onchain Lens monitoring, a certain whale purchased 3,156 ETH (worth $7.34 million) from a certain CEX. The whale currently holds 4,697 ETH (worth $10.91 million).

GateNews46m ago
Comment
0/400
No comments