"Ethereum whale sells 20,000 ETH in tranches…sells more on rises, repurchases on falls"

An Ethereum (ETH) whale has recently been selling in tranches and appears to be following a strategy of selling on rises and repurchasing on falls.

On the 2nd (local time), Amber CN reported, "When Ethereum rose to US$4,300, about seven hours earlier that wallet sold 20,830 ETH via Wintermute for 89,720,000 USDC. The selling price was about US$4,307, and this single transaction realized a profit of about US$10.6 million."

Amber CN added, "The whale bought 60,333 ETH for a total of 257,000,000 USDT during the downturn at the end of September. Looking at the trading pattern, it continues to sell in tranches if the price rises further, and if a correction occurs, it actively repurchases, repeatedly following this strategy."