Ethereum whale buys back 10,000 ETH…strategy spotted: “sell the top, re-enter on the dip”
Suehyeon Lee
Summary
- According to on-chain analytics platform Lookonchain, a whale address holding about 130,000 ETH has moved to buy back during a recent price decline.
- The whale was interpreted as pursuing a classic “sell the top, re-enter on the dip” approach—selling some holdings near a prior peak and then buying again as prices fell.
- The move was seen as signaling that large investors are reshaping their positions during a short-term correction.
Forecast Trend Report by Period
A whale holding a large amount of Ethereum (ETH) appears to have resumed buying during the latest price pullback.
According to on-chain analytics platform Lookonchain on the 29th (local time), a whale address holding about 130,000 ETH (about $268 million) deployed roughly $10 million over the past two hours to buy back 5,039 ETH at an average price of $1,985.
The whale is believed to have sold part of its holdings near the previous peak and then returned to buying as prices fell. Lookonchain described this as a textbook “sell high, buy low” strategy.
The move suggests that large investors are repositioning during a short-term correction phase.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
![[Market] Bitcoin Reclaims $67,000…Broad-Based Rebound Across the Market](https://media.bloomingbit.io/PROD/news/a629ebd6-9bb5-411d-a51d-d0ea3db4313e.webp?w=250)
